Ron Paul: Blame the Fed for the Financial Crisis

[Random.Capital]

Quote from oldtime:

The democrats won't admit it, but Ron Paul cares more about the little guy than Obama and all the republicans combined.

IMO "the little guy" who be best served by realizing nobody in power really cares about him, and that if he wants something, he's bloody well going to have to rise up and take it.

The second part of that equation, of course, is that there are a lot more little guys than big guys.

 

[GordonTheGekko]

Quote from Random.Capital:

IMO "the little guy" who be best served by realizing nobody in power really cares about him, and that if he wants something, he's bloody well going to have to rise up and take it.

The second part of that equation, of course, is that there are a lot more little guys than big guys.

Back seat driving Ben Bernanke is not something any street guy does.

 

[oldtime]

Quote from Random.Capital:

IMO "the little guy" who be best served by realizing nobody in power really cares about him, and that if he wants something, he's bloody well going to have to rise up and take it.

The second part of that equation, of course, is that there are a lot more little guys than big guys.

and that's a problem, when 51% become little guys the big guys better start pooling their resources.

 

[oldtime]

I'm a big class warfare guy. You have the rich and you have the poor. There really is no such thing as the middle class.

The rich like the middle class (even though they don't exist) but they fear the poor who are always 50% of the population.

 

[oldtime]

it's not sociology, it's just simple nerd math

 

[Random.Capital]

Welfare is cheaper than revolution.

Unfortunately, it seems we have to keep relearning this lesson every couple of hundred years or so.

 

[Visaria]

Quote from Random.Capital:

IMO the jury came in a long time ago - anything beyond the three month rate is clealry not controllable by the Fed. More importantly, in times of actual economic dislocation, the Fed barely even has an influence at the long end.

Mr. Paul is flat out wrong on this.

You misread my post - the guy from that website refuting Ron Paul said that the Fed controls rates. I disagree with that guy, not with Mr Paul.

 

[Random.Capital]

Quote from Visaria:

You misread my post - the guy from that website refuting Ron Paul said that the Fed controls rates. I disagree with that guy, not with Mr Paul.

In that case, my apologies as appropriate. I agree with the "Fed doesn't have that much control" side of the debate.

 

[oldtime]

Quote from GordonTheGekko:

Back seat driving Ben Bernanke is not something any street guy does.

yeah, except we don't want to be back street drivers and are already bored with it. But if you think back street driving is still thrilling have a good time exhausting it.

 

[oldtime]

Quote from Random.Capital:

In that case, my apologies as appropriate. I agree with the "Fed doesn't have that much control" side of the debate.

well that's not entirely true random, you still do have the power of your vote.