Comments on: Ron Paul’s Dumb Plan to Audit the Federal Reserve

By: raybansonmyface

raybansonmyface — Thu, 17 Jun 2010 08:41:30 +0000

READ YOUR HISTORY BOOKS!!!!

By: raybansonmyface

raybansonmyface — Thu, 17 Jun 2010 08:39:07 +0000

Wow, this whole section of comments is the most uneducated sack of crap I’ve ever read. You boys better tool up and go learn monetary policy and economics, because all the negative comments I just read are completely mislead and, well, false. Ron Paul is ok, I guess, for a senile old man, but he doesn’t understand the first thing about monetary policy, and you are all morons for jumping on his anti-fed bandwagon. If you all think that the Fed is primarily culpable for the collapse, you better go take a look in your mirror while you’re at it and realize that you shouldn’t have been smoking pot when you took out that mortgage you couldn’t afford. Congress would have exacerbated the collapse and you all know it. We need the Fed, and without them we would be sent back to the dark ages, especially if guys like Paul were in charge of setting interest rates. Can you imagine how long it would take Congress to raise or lower interest rates, after passing action through the senate and then the house? We can’t even get health care right for God’s sake! The economy would be back and forth between being overheated and stagnant all the time if we were without any Fed moderation! Congress and it’s giant level of numbskulls don’t know the first thing about interpreting economic data, and you want them in charge? Please.

Oh, and all this talk about Austrian economics is scary. Reverting to Austrian economic thought is a step in the wrong direction. It’s philosophical, not scientific, and bases itself in too many assumptions without controlling for economic variables. Just wanted to let you fools know. And Keynesian economics is what got us out of the great depression, and there is HISTORICAL EVIDENCE of this.

Btw, gold is the same thing as paper money. It can be traded in for goods and services only because we trust it can. The difference between the two? There is a fixed supply of gold, it’s heavy and it’s hardly liquid enough to trade in for other monies. There’s a reason we don’t use it as our primary currency.

Lesson learned babies. Go back to your cave with your uninformed leader.

By: redstallion0

redstallion0 — Wed, 05 May 2010 22:26:02 +0000

This article is about as misleading as the name of the bank it’s about.

By: Kent

Kent — Tue, 11 Aug 2009 12:00:07 +0000

What we’re talking about here is a battle of ideas between the “Keynesians” and the “Austrian” economists with the fate of our country at stake. All great nations have failed because they destructed their own currency. Here’s an article I wrote for my local newspaper. It’s in the middle of the page under “Another Way”:http://online.dailyamerican.com/pdf /09/07/16/07-16-09/a040716091.pdfThe ideas presented aren’t mine. They are ones I was taught in college economics by my then professor Lawrence W. Reed though. He is now president of the Foundation for Economic Education (www.fee.org).In times like these an explanation is what is needed more than anything. Be sure to check out the websites listed at the end of the article.You can then forward the article to whomever you like. Hopefully you will be inspired to look into Austrian Economics and stand up for it too.

By: Jose

Jose — Tue, 11 Aug 2009 03:36:34 +0000

Let’s not forget that our beloved nation is a representative republic, at least on paper. We are at the mercy of the international bankers and in reality congress has no genuine oversight. They who control our money control our country. Congressman Paul is absolutely correct in his assessment of the Fed.

By: Hot Female 27

Hot Female 27 — Mon, 10 Aug 2009 10:19:08 +0000

How much did they pay you to run this piece? You aren’t a real journalist, you are a spin tool. I’ll put you on my ‘no accountability list’.

By: Alex

Alex — Fri, 07 Aug 2009 18:55:51 +0000

So many say that the Fed already gets audited so there is no need for this bill.Well, here is Bernanke evading a US Senator when he asked where $2T dollars went. http://www.youtube.com/watch?v=OC5uQx1W8 7I&feature=relatedI don’t know your definition of an audit, but in my definition “I don’t know” does not constitute a revealing of anything. (Audits are meant to reveal things.)How does a crook say “up yours”? Answer: Trust me.

By: Charlie Cross

Charlie Cross — Thu, 06 Aug 2009 16:57:25 +0000

Jimmy — Do yourself a favor and subscribe to Grant’s Interest Rate Observer. Read the past 5 essays by Mr. Grant and report back if you still believe that sunshine on the Fed is bad. http://www.grantspub.comthx.

By: richard w. g.

richard w. g. — Wed, 05 Aug 2009 01:37:02 +0000

Not only should the Federal Reserve be audited, it should be ABOLISHED.It creates money out of thin air. It just creates it out of thin air because it has been granted legal charter. And then every dollar the government spends has to first be borrowed from the Fed. You can’t ever pay off the debt if every dollar you make payments with was borrowed at interest in the first place!!!Smaller, de-centralized banks offering interest rates in-line with their actual, in house reserves would surely be preferable to this Rockefeller/Morgan/Warburg brainchild of soft-tyranny.Get back on the gold standard, go to bi-metallic standard, back the money with cotton like the Confederacy did.. I don’t really care. But end the damn Fed.

By: morgan s.

morgan s. — Tue, 04 Aug 2009 17:11:35 +0000

“And right now do Americans really want global investors to start questioning the Fed’s commitment to low inflation and a stable currency, right as Uncle Sam is running up record budget deficits?”…are you crazy? the Fed’s commitment to low inflation and a stable currency?