Lunatic Ron Paul to Oversee the Fed

Do you believe in homeopathy? For a non-doctor, that might just be ignorance. For an MD to believe in homeopathy suggests a level of willful ignorance bordering on insanity.


No, but believing in homeopathy isn't a sign of insanity. That you think it is suggests unfortunate ignorance about what insanity is.

Your addition of "willful" undermines your case further. What is your evidence that the doctor's alleged ignorance is willful?

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World Bank President Robert Zoellick Calls For Return To "Old Money" Gold Standard
 
Again, I assumed that was all included under the heading of "crackpot". As for other committee members following his lead, if their primary goal is headlines, what's stopping them from taking the lead? At the very least, why haven't they followed his lead substantially already?



You mean how much time and money do politicians waste on silly shenanigans in general, and how much better of the world would be if politicians (not to mention the rest of us) were much more honorable and competent people?

I don't really have an answer to that question, except to suggest you poop into one hand, and wish into the other, and see which one fills up first.

Also, you have much more confidence in the integrity of government in general than I have, if you think the priority should be for government get better organized and do more stuff.


I got a feeling the majority of comitee members with in both parties are not going to jump on the Ron Paul Anti Fed bandwagon.
The powers that be in the GOP have no desire to shut down the Fed, and this will result in nothng.
 
I don´t. But I know that the delusions of a bat crap crazy conspiracy theorist nutcase are so removed from anything possible in reality that there is no way that evidence for them can be found - any more than you will ever find evidence that Obama murdered the Dead Sea or that the Beagle Boys stole Scrooge McDuck´s Number One Dime.

Good examples, I wonder what sense of humour put Ron Paul in charge of the fed commission?
 
What does Ron Paul believe that's so ridiculous?

Nothing. There are a lot of Ron Paul haters on this forum who couldn't mount a logical argument if their lives depended on it. So they are reduced to hurling ad hominem fallacies and making outlandish farcical claims about what their opponents believe. News Flash - bigots hate without reason.

I see no evidence the RP believes in homeopathy, but even if he did WTF does that have to do with wether the Fed needs an audit and whether RP is competent to do it ? I'm not impressed with Dr.Paul's grasp of economic, but but he's no more economically incompetent that the typical congressman and at least has clearly stated positions on many issues.

DrKitten gives an incorrect definition of what the Fed does - it is MONETARY POLICY NOT FISCAL POLICY. And that is exactly the problem. The Fed underwrote debt of Euro banks to the tune of several trillion. They may or may not be sensible policy, but it certainly deserves to see the light of day. Now Activist Bernanke is implementing QE2 as part of ECONOMIC policy, which is not and has never been part of the Fed's task - and is actually quite dangerous.

It's clear the Fed is in serious need of oversight, BUT whether it's Ron Paul or Barney Fwank, there isn't much hope that politics can stay out of the issue - and that is very bad news. I don't think that the attitude "let the Fed do as they will" has much to recommend it.

It's peculiar that all the Lefties believe fervently (with little evidence) that lack of regulation was the core of the recent financial crises, yet they are absolutely opposed to regulating the Fed or the GSEs.
 
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Uh, the removal of regulatory oversight with the repeal of Glass-Steagall played a part in the crisis, absolutely. Nobody here said it was the “core” of the crisis. I merely referenced Paul’s obsession with small government while ignoring the contributions of deregulation to the GFC (and that’s not even touching on the failures of certain agencies to adequately regulate the derivatives market).

As for Ron’s lunacy, he described evolution as “just a theory”, is absolutely obsessed with gold and wants to return to some kind of gold standard, doesn’t understand that the politicisation of the Fed is a bad thing for monetary policy and central bank independence, wants to dismantle central banking anyway (also thinks it’s unconstitutional), borders on the conspiracy mindset with concerns about NAFTA and the supposed North American Union.
 
Nothing. There are a lot of Ron Paul haters on this forum who couldn't mount a logical argument if their lives depended on it. So they are reduced to hurling ad hominem fallacies and making outlandish farcical claims about what their opponents believe. News Flash - bigots hate without reason.

Hilarious.

You've apparently never seen Ron Paul on the theory of evolution.

http://www.youtube.com/watch?v=oOO4puYp5F0

"I think it's a theory... the theory of evolution and I don't accept it. As a theory."
 
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But more directly relevant to policy, what scares me more is Ron Paul's "We the People Act", where he pretty much pretends the Fourteenth Amendment doesn't exist.

SEC. 3. LIMITATION ON JURISDICTION.

The Supreme Court of the United States and each Federal court--

(1) shall not adjudicate--

(A) any claim involving the laws, regulations, or policies of any State or unit of local government relating to the free exercise or establishment of religion;

(B) any claim based upon the right of privacy, including any such claim related to any issue of sexual practices, orientation, or reproduction; or

(C) any claim based upon equal protection of the laws to the extent such claim is based upon the right to marry without regard to sex or sexual orientation; and

(2) shall not rely on any judicial decision involving any issue referred to in paragraph (1).

Then of course, he doesn't know jack relating to the Founding Fathers' views on religion.

"The notion of a rigid separation between church and state has no basis in either the text of the Constitution or the writings of our Founding Fathers."

Fail. And I shouldn't have to demonstrate why.

Sceptic-PK pretty much covered the fiscal issues with Ron Paul.
 
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From your link:

That's all I meant. Congressional "oversight" basically means the power to subpoena and ask questions. And he wants to "audit" the Fed.

Speaking as someone who isn't a big fan of Ron Paul (sorry...Dr Paul ;) ), Ron Paul is unfortunately the Congress Critter that best understands the Fed and has the greatest understanding of the impact of monetary policy. The fact that he wants to return to the gold standard doesn't change the unfortunate situation that he is by far the most knowledgable in Congress on the subject (AFAIK).

I've watched Bernanke and Greenspan talking to Congress and I've never seen any other member of Congress that seemed to have nearly as good of a grasp of 1) how the Fed works, or 2) the impacts of monetary changes.
 
Ron Paul is unfortunately the Congress Critter that best understands the Fed and has the greatest understanding of the impact of monetary policy.
If correct, the US is in serious trouble. :eye-poppi
 
And Kent Hovind has authored books on biology.

So, yes, I'm willing to stand by my criticism of Paul in this regard.
But Däniken probably ripped off Lovecraft. And economics is all about ripping of your predecessors, so I think it cancels out. :D
 
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Nothing. There are a lot of Ron Paul haters on this forum who couldn't mount a logical argument if their lives depended on it. So they are reduced to hurling ad hominem fallacies and making outlandish farcical claims about what their opponents believe. News Flash - bigots hate without reason.
Bigots like Ron Paul? What was in the Ron Paul Newsletters again?

The controversial newsletters include rants against the Israeli lobby, gays, AIDS victims and Martin Luther King Jr. -- described as a "pro-Communist philanderer." One newsletter, from June 1992, right after the LA riots, says "order was only restored in L.A. when it came time for the blacks to pick up their welfare checks."

Another says, "The criminals who terrorize our cities -- in riots and on every non-riot day -- are not exclusively young black males, but they largely are. As children, they are trained to hate whites, to believe that white oppression is responsible for all black ills, to 'fight the power,' to steal and loot as much money from the white enemy as possible."

In some excerpts, the reader may be led to believe the words are indeed from Paul, a resident of Lake Jackson, Texas. In the "Ron Paul Political Report" from October 1992, the writer describes carjacking as the "hip-hop thing to do among the urban youth who play unsuspecting whites like pianos."

The author then offers advice from others on how to avoid being carjacked, including "an ex-cop I know," and says, "I frankly don't know what to make of such advice, but even in my little town of Lake Jackson, Texas, I've urged everyone in my family to know how to use a gun in self defense. For the animals are coming."

But wait till you hear his excuse!
"Libertarians are incapable of being a racist, because racism is a collectivist idea."
Libertarians can't be racist! :dl:
I see no evidence the RP believes in homeopathy, but even if he did WTF does that have to do with wether the Fed needs an audit and whether RP is competent to do it ?
Evidence is right here. Skip to about the 4:00 mark for the part about homeopathy.

What does it have to do with the Fed? Nothing, but it has everything to do with "Dr." Paul's competence as a medical doctor.

Barney Fwank

Oh, what was that about ad hominem fallacies and bigotry again?
 
Bigots like Ron Paul? What was in the Ron Paul Newsletters again?

I'm not a fan of him, but I don't remember any evidence to show that Paul shares the views printed in his newsletter. Granted, it demonstrated a complete lack of awareness of what's going on under his own name, but his idiocy doesn't mean he's also a racist.
 
I'm not a fan of him, but I don't remember any evidence to show that Paul shares the views printed in his newsletter. Granted, it demonstrated a complete lack of awareness of what's going on under his own name, but his idiocy doesn't mean he's also a racist.

He is responsible for everything in those newsletters whether he personally wrote them or not.
 
Evidence is right here. Skip to about the 4:00 mark for the part about homeopathy.
Er, women and minorities are groups and therefore you can cater to them, right? But homeopathy isn't a group. It's a (faulty) theory and can't therefore be catered to.
 

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