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There's no middle ground in a debate between Ron Paul and Paul Krugman. Paul: "I don't want the...
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Monday, April 30, 2012, 7:20 PM ETThere's no middle ground in a debate between Ron Paul and Paul Krugman. Paul: "I don't want the government or Federal Reserve fixing the rate of interest... Governments aren't supposed to run the economy. The people are." Krugman: "I want the market economy to be left as free as it can be, but there are limits. You do need the government to step in to stabilize." (video)
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What he says - and I agree - is that free market needs regulation so they can function.
The libertarians don't like regulations even if the free market is about to destroy itself. FDR intervened and saved the capitalism and there are still people out there that says that he was a socialist...
Too bad the interviewers have no knowledge or depth. When Krugman said "The dollar is actually doing pretty well", they should have IMMEDIATELY come back with "COMPARED TO WHAT?" Because compared to fiat currency well, ok. But do the comparison to GOLD and what do you have??????
The simple fact is that there is NO MAN ALIVE who should be trusted with the power to print MONEY. Not one.
"But, say the other pigs, "what is the farmer's endgame?"
Pig Krugman replies, "We'll see but so far so good. It should all work out in the end for us pigs."
Secondly, those who argue for a gold standard alway point to the depreciation of fiat currency against gold, not against a more useful measure of standard of living. Who cares what the value of a currency is against gold. Who needs gold? The answer is no one. However, if you compare the value of an hour worked by the average person in the U.S in terms of how well they can eat, provide shelter, and other necessities, the hour worked today buys much more than it did in the early 1900's. This is why our standard of living has increased so dramatically over the last 100 years.
you would also not have all the debt funded wars, and you wouldn't have strip centers to infinity sitting empty with graffitti all over them, you wouldn't have $1m houses selling for $300k and you WOULD NOT have $105 oil, or $1600 gold.
gold is honest. and you trust a bunch of academics who have never met a payroll and who translate an economy into an algebraic equation that doesn't compute greed and corruption? good for you. you're winning. but only because there is not one honest broker of power in DC or Wall St. yes, your team is winning. but all they're doing is transferring a mountain of debt onto your children. it's really a sociopathic protection of power. they will lie cheat and steal to protect the status quo.
did you watch the interview? they have destroyed 98% of the value of the currency in <100 years!
yes we are in a discussion of what "money" is! it's so fundamental that it is forgotten. the founders got it but you grew up with the almight dollar an you won't get it until it's too late for you.
Section 19:
http://bit.ly/IjA9ZK
if Germany pulls out of the eurozone, for financial survival, the eu collapses. so why would germany with it's recent history allow france, spain, italy, greece, portugal et al pull them into the drain with them? i think they will simply pull out one night while we are sleeping.
actually i think they are trying to beg, borrow or steal IMF, etc money in order to facilitate "all euro area bonds going back home" and then it will be every state for themselves.
http://onforb.es/zyyVvT
plenty on the Fed destroying the dollar
Depressions are particularly bad for bankers. Thus the Fed reason for existence. Protect the banking brotherhood.
The people who laugh at him seem to have no problem with their currency being turned into Monopoly money and TSA agents molesting their kids in the name of "safety".
Paul Krugman has the same prize as Yasser Arafat. Think about that for a moment.
It is like America has officially entered the Twilight Zone.
If the Nobel Peace Prize Committee is the sort to give the Peace prize to Arafat (or "Drone War" Obama for that matter) then what respect is due to the Economics Committee?
Pointless Northern European prizes or Ivy League ivory tower mortarboards just makes most people yawn, myself included.
Those pieces of paper are not some sort of shield against acquiring serious ignorance in your field of study.
There IS something wrong with the belief that such an education is a lifetime pass to a club of elite human thinkers who cannot possibly be bothered by the inferior ideas of lesser souls who have no such education.
In other words, just because your nose is way higher than ours doesn't mean you shouldn't be able to smell your own bull$**t.
E
Its called the old-boy network. Not ivy, then your a hick (and probably a conservative.)
Yale.
Harvard.
lol.
Yale.
Harvard." and not at all a conservative.
AFTER the failed presidency do the neocons disavow Bush.
lol.
Gates.
Zuckerberg.
By the way...the people who steered America into the economic ditch...didn't exactly come out of your inferior schools like Michigan or Kentucky, right?
Hmmm....
Or Long Term Capital? Remember them?
http://bit.ly/KvCh00
Paul Krugman is a brilliant and accomplished economist and writer and no one should disrespect those credentials. Ron Paul, well he is not a brilliant and accomplished economist and many of his beliefs are so far removed from what is practical or realistic, that in spite of being a likable politician, he has not been able to garner much more than 8% to 10% of the vote in this year's Republican primaries. Primaries which have been contested by the likes of weak candidates such as Baughman, Cain, Gingrich and Perry.
Thanks, that's the funniest thing I've heard all day.
He is the guy who makes predictions. Then people laugh at his kooky predictions...right up until the moment they come true, then they pretend "no one saw it coming".
http://bit.ly/ICbBMz
http://bit.ly/ItmSl5
As for Krugman?
He has been asked one simple question for years and has avoided answering it during multiple interviews:
How, EXACTLY, do we pay back the trillions that we've already borrowed PLUS the trillions more you wish us to borrow?
You'd think, during his many years of superior Ivy League learnin', the subject of "paying back borrowed money" would have come up!
Some day, if we continue down this ruinious path, some of our non-noble children will find themselves in some sort of "camp" reminding themselves how their parents pointed out this juncture in history.
No, he just found that he can make a lot of money as the court clown.
Now that's profound.
When the state used to regulate religion, there were those in religion that advocated for the state. "You better do what the King says, or God will hurt you." And what did the King say? Why pay your taxes and your TITHES. Think about all the complicated teachings of religion, and how they proclaimed state regulated religion couldn't be understood by the commoner. "Its too complicated", they would say, "you need to leave it up to the PHDs in economics, er, I mean religion".
So, the chief had his medicine man that scared the tribe into letting the chief and the medicine man get the largest share of the hunt. Noble Europe had its King and its Cardinal that convinced the people into letting the King and the Cardinal have the largest share of the hunt. Now we have Gov and its economists that advocate for taxes that is delivered to the Gov and the gov gives grants and subsidized tuition to PHDs who study and expound on things the commoner just can't understand. They're still trying to get the largest share of the hunt.
Every tyant needs an advocate.
"How did people not try to stop it?"
"Why did no one say anything?"
It all makes sense now...
People did say things, and people did try. They just got laughed at.
"Be a good little republicrat, there is a difference between the two!"