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Originally posted by madnessinmysoul
reply to post by TruthWizard
The post from wikipedia is a bit misleading, and it doesn't speak to the validity or the implementability of the specific bills. It also doesn't address his specific ideas, like withdrawing from all military basis in the world and becoming a pseudo-isolationist nation.
Originally posted by bigbomb456
At the very least he is trying. What have you all done today to help take down the status quo?
Originally posted by mnemeth1
You asked for specific legislation he has introduced.
If you want to learn about his specific ideas, you need to read the works published by the Mises Institute.
Ron Paul is not an isolationist. Ron Paul is probably the biggest advocate of unrestricted trade in the US Congress. The isolationists are those who favor protectionist trade measures, dollar hegemony, cartelized international banking, and formalized trade agreements - which basically includes everyone in congress except for Paul.
A huge collection of Ron Paul's writings and articles:
www.lewrockwell.com...
Originally posted by madnessinmysoul
Give me an example of legislation that he's put forth that actually challenged the status quo.
Originally posted by The Old American
Originally posted by madnessinmysoul
Give me an example of legislation that he's put forth that actually challenged the status quo.
TruthWizard gave you several.
Throw us a bone here! Give us an example of who has spoken "to the validity or the implementability of the specific bills" so we can actually answer your questions!
Take a single major platform he has. Any of them. Let's not start out with addressing all of his issues as once, as political ideas suffer when we try to clump them all together simply because one person supports them. Take an issue of your own choice and explain how we could implement it in 4 years without it backfiring in our face and having more negative than positive consequences in the long haul.
If you prove one position correct and implementable, I'll accept it and we'll move on to the next one. If you prove a majority of his positions are correct and implementable, I'll accept that I'm wrong and concede this thread.
Originally posted by xyankee
After the presidents we have had as of late, why don’t you just give him a chance to see if he can change things?
He can’t do any worse that is for sure. If he fails then you get the chance to beat up on us conservatives! I am telling you that he is about the only hope we have.
At least we know where he was born!
Originally posted by xpert11
reply to post by madnessinmysoul
Being in the right as the saying goes and being able to implement policy are not two and the same thing . Winston Churchill warned of the rising threat from Nazi Germany in the 30's but he was able to do little about it .
That said really the only time I have particularly agreed with Paul is when he has made the point about the US not formally declaring war since WW2 .
During the 2008 US presidential Paul worshippers flooded the boards with there propaganda . During that time I sometimes made the point to his followers that even if Paul got elected as POTUS his policy's would never fly with Congress . He would virtually have to become a dictator in order to implement his policy ideas .
There is only one way to eliminate chronic inflation, as well as the booms and busts brought by that system of inflationary credit: and that is to eliminate the counterfeiting that constitutes and creates that inflation. And the only way to do that is to abolish legalized counterfeiting: that is, to abolish the Federal Reserve System, and return to the gold standard, to a monetary system where a market-produced metal, such as gold, serves as the standard money, and not paper tickets printed by the Federal Reserve.
While there is no space here to go into the intricate details of how this could be done, its essential features are clear and simple. It would be easy to return to gold and to abolish the Federal Reserve, and to do so at one stroke. All we need is the will. The Federal Reserve is officially a "corporation," and the way to abolish it is the way any corporation, certainly any inherently insolvent corporation such as the Fed, is abolished. Any corporation is eliminated by liquidating its assets and parcelling them out pro rata to the corporation's creditors.
Figure 12 presents a simplified portrayal of the assets of the Federal Reserve, as of April 6, 1994.
Of the Federal Reserve assets, except gold, all are easily liquidated. The $345 billion of U.S. government and other federal government agency securities owned by the Fed should be simply and immediately canceled. This act would immediately reduce the taxpayers' liability for the public debt by $345 billion. And indeed, why in the world should taxpayers be taxed by the U.S. Treasury in order to pay interest and principal on bonds held by another arm of the federal government – the Federal Reserve? The taxpayers have to be sweated and looted, merely to preserve the accounting fiction that the Fed is a corporation independent of the federal government.
"Other Fed Assets," whether they be loans to banks, or buildings owned by the Fed, can be scrapped as well, although perhaps some of the assets can be salvaged. Treasury currency, simply old paper money issued by the Treasury, should quickly be canceled as well; and SDR's ($8 billion) were a hopeless experiment in world governmental paper that Keynesians had thought would form the basis of a new world fiat paper money. These two should be immediately canceled.
We are left with the $11 billion of the Fed's only real asset – its gold stock – that is supposed to back approximately $421 billion in Fed liabilities. Of the total Fed liabilities, approximately $11 billion is "capital," which should be written off and written down with liquidation, and $6 billion are Treasury deposits with the Fed that should be canceled. That leaves the Federal Reserve with $11 billion of gold stock to set off against $404 billion in Fed liabilities.
Fortunately for our proposed liquidation process, the "$11 billion" Fed's valuation of its gold stock is wildly phony, since it is based on the totally arbitrary "price" of gold at $42.22 an ounce. The Federal Reserve owns a stock of 260 million ounces of gold. How is it to be valued?
The gold stock of the Fed should be revalued upward so that the gold can pay off all the Fed's liabilities – largely Federal Reserve Notes and Federal Reserve deposits, at 100 cents to the dollar. This means that the gold stock should be revalued such that 260 million gold ounces will be able to pay off $404 billion in Fed liabilities.
When the United States was on the gold standard before 1933, the gold stock was fixed by definition at $20 per gold ounce; the value was fixed at $35 an ounce from 1933 until the end of any vestige of a gold standard in 1971. Since 1971 we have been on a totally fiat money, but the gold stock of the Fed has been arbitrarily valued by U.S. statutes at $42.22 an ounce. This has been an absurd undervaluation on its face, considering that the gold price on the world market has been varying from $350 to $380 an ounce in recent years. At any rate, as we return to the gold standard, the new gold valuation can be whatever is necessary to allow the Fed's stock of gold to be allocated 100 percent to all its creditors. There is nothing sacred about any initial definition of the gold dollar, so long as we stick to it once we are on the gold standard.
If we wish to revalue gold so that the 260 million gold ounces can pay off $404 billion in Fed liabilities, then the new fixed value of gold should be set at $404 billion divided by 260 million ounces, or $1555 per gold ounce. If we revalue the Fed gold stock at the "price" of $1555 per ounce, then its 260 million ounces will be worth $404 billion. Or, to put it another way, the "dollar" would then be defined as 1/1555 of an ounce.
Once this revaluation takes place, the Fed could and should be liquidated, and its gold stock parcelled out; the Federal Reserve Notes could be called in and exchanged for gold coins minted by the Treasury. In the meanwhile, the banks' demand deposits at the Fed would be exchanged for gold bullion, which would then be located in the vaults of the banks, with the banks' deposits redeemable to its depositors in gold coin. In short, at one stroke, the Federal Reserve would be abolished, and the United States and its banks would then be back on the gold standard, with "dollars" redeemable in gold coin at $1555 an ounce. Every bank would then stand, once again as before the Civil War, on its own bottom.
1. The Federal Reserve destabilizes the economy with its "boom and bust" monetary policy. This is hard to square with the fact that the longer the Federal Reserve has been in existance, the more stable the economy has been. Dr. Paul's words strongly imply that he believes that there was no business cycle in the 19th century, which is untrue; as best we can tell, recessions were much longer and deeper before America had a central bank.
2. Americans don't save because they're afraid inflation will erode their savings. This is daft. Moderate inflationary expectations are built into the interest rates that banks offer. After thirty years of stable monetary policy, a good portion of the population doesn't even remember high inflation, and the ones that do are mostly retired and spending down their savings. Americans don't save because . . . well, have you tried the Wii? It's awesome.
3. American exporters are whipsawed by our fluctuating currency. Unless Dr. Paul has plans to put the entire world back on the gold standard--which I mote would require the kind of powerful international organization he's so suspicious of, or invasion--our currency will still fluctuate relative to others if we're on the gold standard. Every time the price of gold changes in another country, American exporters will either be helped or hurt by a change in the relative prices of their goods. The gold standard will shelter exporters from currency fluctuations only in their trade with other countries on the gold standard. There are no other countries on the gold standard.
4. Fiat money inflation benefits those shadowy figures who receive access to artificially inflated money before the inflationary effects kick in. Those shadowy figures being the bankers who loaned it to you so that you could buy your house. At any rate, this would only be true if we were talking about unexpected inflation. Expected inflation is already built into asset prices. The US economy does not have significant unexpected inflation.
5. Fiat money inflation "also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state". This is an extraordinarily primitive view of the money supply. The Federal government is not Caesar cutting his denarii with lead. The revenues from seignorage on 2% inflation are trivial. The Federal government gets the money for the "welfare-warfare" state just where it says it does: by taxing the bejeesus out of your wages.
6. Congress does not have constitutional authority to delegate its power "the authority to coin money and regulate the value of the currency". Hmm. Okay, but I'm pretty sure none of our legislators are qualified to operate a printing press, much less the annealing ovens and upsetting mills needed to mint coins.
7. Congress "should only permit currency backed by stable commodities such as silver and gold". Commodities, almost by definition, are not stable. The price of gold looks as if it used to be stable, because the dollar was fixed relative to an ounce of gold. This does not mean that its value relative to other economic goods was unchanged. You could fix your currency to the price of a bushel of wheat, and suddenly "wheat bugs" would be claiming that wheat is the only reliable, stable commodity in the world whose price never changes. That wouldn't stop fluctuating wheat supplies from whipsawing your economy back and forth. To be sure, the supply of gold changes more slowly than the supply of wheat. But demand for it is not so fixed.