Ron Paul Economics

Most of the key campaign people working within RP campaign are typical Christians - Baptists, Luthern, Catholics, etc. I have meet many of them with my years of support and of course Dr. Paul is a Christian too. In the two states where I give support I have found the US Military troops some of his biggest supporters - next I would say is small business owners.

I hope those two groups are OK with you? ;-)
 
Since his economic policy is the same as the IMF's structural adjustment program.With more brutal austerity then Heinrich Bruning. I would imagine the same results. Like what Jeffey sachs did to Russia. Austerity does not work, because the debts are growing at compound interest and you reduce the only economic activity you have. Which of course leads to higher debts. It has been tried over 150 times by the IMF the result is always increased debt, poverty and so on. Paul goes farther than Bruning every did as far as austerity. Bruning's austerity lead to dire straights , desperate germans than turned to Hitler to be relieved from the economic despair. So i guess if we can learn from history it would be crushing poverty under Ron Paul then some Hitler type figure
 
Quote from dewton:

The problem is our faulty monetary system and unfortunately Ron Paul is not educated on these matters. A gold standard won't fix anything. For example, they say a gold standard would prevent inflation, but the ratio of dollars to gold can be arbitrarily changed at anytime at the whims of the government. Furthermore even if the ratio is permanently fixed, the money supply would be fixed and would not be able to support a growing population.
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He's not advocating a gold standard; he just wants to legalize competing currencies (commodity baskets, gold, etc.). This makes sense, since people will just gravitate towards the currency that protects their purchasing power the most.
 
In regards to the gold standard, I read in one of his books that he doesn't want to have the dollar completely backed by gold, but partially so the government doesn't overinflate our currency. I have not read how quickly he wants to lower trade restrictions, but he would have to go through congress, so I don't think anyone should worry about it happening too quickly. Free trade would create volatility initially, but would be beneficial in the long run. His biggest message though is cutting spending, which is very important because our deficit spending is going to be a burden for quite sometime. Also his non interventionist foreign policy will be a huge release of burden upon the economy.

If anyone is interested I just started a youtube channel, were I post a video weekly that attempts to explain economics in a humorous manner.

[http://www.youtube.com/watch?v=HYlgoJcL5M0]
 
Quote from Deadwood:

For those of you not in the loop, Ron Paul's single biggest supporter and organizer of his "grass roots" campaign is the church of Scientology.

Living in Florida I have a lot of Sino friends. Most are very well off, a great many have started very successful businesses, and overall they're really good people. You just have to remember that at the end of the day they believe in shit so crazy they make Jehovah Witnesses look normal.
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And Obama spent 20 years under a whack job preacher named Jeremiah Wright.

Anyway, that association fallacy smear is meaningless, whether true or not. The VAST majority of his supporters aren't scientologists.
 
And who should've won the Nobel Prize?

"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."

- Paul Krugman, Dubya’s Double Dip, August 2nd, 2002

(Well that was a great idea, Krugman. What bubble do we need to create now?)

Compare to:

"Congress should act to remove taxpayer support from the housing GSEs before the bubble bursts and taxpayers are once again forced to bail out investors who were misled by foolish government interference in the market. I therefore hope this committee will soon stand up for American taxpayers and investors by acting on my Free Housing Market Enhancement Act."

- Ron Paul in the House Financial Services Committee, September 10, 2003
 
Quote from dewton:

Furthermore even if the ratio is permanently fixed, the money supply would be fixed and would not be able to support a growing population.
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Why does the money supply need to expand "to support a growing population?"
 
Quote from Specterx:

Why does the money supply need to expand "to support a growing population?"
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To facilitate the every day financial business of life. The money supply does need to be expanded... but at the same rate as the population growth. Any more than that is stimulative/inflationary.
 
Quote from Scataphagos:

To facilitate the every day financial business of life. The money supply does need to be expanded... but at the same rate as the population growth. Any more than that is stimulative/inflationary.
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That is half the story and the other half is productivity.

productivity growth + population expansion = GDP growth

Obviously this resultant can be a negative figure as it still is at the moment
despite the official story.
 
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