Ron Paul on Fox Business News

Added: Sep 24, 2008

From: fagan411

Duration: 9:56

Ron Paul gives his take on the bailout to rescue the collapsing global financial markets. 9/24/08 digg it! http://digg.com/world_news/Ron_Paul_on_Fox_Business_News_9_24_08

Channel: News

Tags: austrian  bailout  bretton  depression  devaluation  dollar  economics  federal  fiat  inflation  keynesian  mises  money  paul  reserve  revolution  ron  woods 

Rating: 4.95 (1078 ratings)    Views: 105025' favoriteCount='537    Comments: 25

origen01 Says:

Oct 23, 2008 - If Ron Paul had his way we'd probably be in a depression for a couple of generations.

engine2truck6 Says:

Oct 24, 2008 - View Ron Paul on MTV here on YouTube... especially the last 3 minutes. If Dr. Paul had his way, Americans would have liberty, probably for a couple of generations.

origen01 Says:

Oct 24, 2008 - if Dr. Paul had his way, i'd still be a slave.

engine2truck6 Says:

Oct 24, 2008 - Oh, yeah - I forgot about the "return to african & semitic slavery" part of his political platform. Thanks for reminding me.

origen01 Says:

Oct 24, 2008 - wut are you talking about? ron paul doesn't believe the civil war was necessary

engine2truck6 Says:

Oct 24, 2008 - You are correct. He does believe that the Civil war was not needed. I disagree with him on that one, because the US Constitution specifically forbids States from forming confederate agreements and/ or secession. I do know that he is AGINST slavery - ALL slavery, not just African -and he believes that slavery was doomed anyway... and I agree with him on that.

origen01 Says:

Oct 25, 2008 - So this would have been his thinking: "Yeah, slavery is doomed to fail so we should just allow the slaves currently in bondage to be deprived of life and abused. The market would take care of things in the long-run." Here's fundamentally where I disagree with Ron Paul: in the long run we are all dead.

envision91 Says:

Oct 29, 2008 - The slaves didnt have it THAT bad, by the 1850's, we had to work on farms and shit but we got free housing. Not all our masters abused us; only the crazy Joe the plumber types.

origen01 Says:

Oct 29, 2008 - negro, that aint even funny...

scienterprize Says:

Oct 30, 2008 - Do u have any clue what u are talking about?

zarri113 Says:

Oct 30, 2008 - still? how old are you?

origen01 Says:

Oct 30, 2008 - u gonna have 2 be more specific. what makes u say that? Ron Paul and other strict libertarians don't believe in any govt. regulation of commerce outside of property rights and business monopolies. He doesn't believe in expansionary fiscal policy hence the comment that if he were elected we'd probably have a couple of depressions. If he were elected president in 1860, he would have allowed the southern states to succeed from the Union, hence my comment that I would probably still be a slave.

origen01 Says:

Oct 30, 2008 - heh, very funny.

runleonrun Says:

Nov 3, 2008 - The Civil War was necessary...for the North to maintain control of the South. Think about it...how is going to war with people to maintain governmental control over them not tyranny? If you think the North was fighting to "free the slaves" then you are being deceived.

runleonrun Says:

Nov 3, 2008 - Do you know what caused the depression? I'll give you a hint: it begins with "Federal" and ends with "Reserve." Yes, the Federal Reserve, which Ron Paul opposes, caused the depression.

origen01 Says:

Nov 3, 2008 - What caused the Long Depression of 1873-1896? It was the longest depression in US history...

origen01 Says:

Nov 3, 2008 - the election of Abe Lincoln directly caused the southern states to succeed. he was a prominent abolitionist and signified the death knoll for slavery in America. Officially, the North was fighting to preserve the union, but the war started because of slavery.

runleonrun Says:

Nov 4, 2008 - You haven't read much about Lincoln, have you? He said himself that he was fighting to preserve the Union, and he would do it whether he had to keep slavery or not. If the war was about slavery then why didn't Lincoln issue his "Emancipation Proclamation" at the beginning of the war? Why did he wait until 1863? You claim he was a "prominent abolitionist"...did you know he though blacks were unequal to whites? He wanted to send the blacks back to Africa! Don't believe me? Look it up.

origen01 Says:

Nov 4, 2008 - You totally misread my statement. Fighting to preserve the Union is a reaction to secession. Why did the southern states secede? Because Lincoln won the 1860 election. Yeah, I was exaggerating when I said he was a "prominent" abolitionist, but he did always oppose the expansion of slavery into the new territories which was the central grievance southerners had with Republicans. Oh yea, and wut caused the Long Depression of the late 19th century?

runleonrun Says:

Nov 4, 2008 - So why is secession wrong? The 13 colonies seceded from Great Britain. And there were many causes of the Long Depression...greenbacks that were issued during the "Civil" War, overbuilding of rairoads, lack of gold to back said greenbacks...

origen01 Says:

Nov 5, 2008 - why was there a lack of gold to back the greenbacks in circulation?

runleonrun Says:

Nov 5, 2008 - I just told you. Greenbacks were issued during the Civil War, and their quantity became greater than that which could be backed by gold. There was too much paper money to be backed by all of the gold in the country.

origen01 Says:

Nov 5, 2008 - yeah, but there was no need to have the greenbacks redeemable for gold--it was true fiat. problems only occurred when the US went go on the gold standard--which was a response to trends in international trade. deflationary crises were directly linked with drops in gold commodity prices (consider the massive increase in demand for gold & the 30yr rut between the major gold booms of the 19th century). deflationary pressures were immediately felt worldwide so u can't blame it all on the greenback

runleonrun Says:

Nov 6, 2008 - Yes, I suppose you are right.

origen01 Says:

Nov 6, 2008 - Extreme and unpredictable fluctuations in money supply would be common in a commodity backed currency system that does not rely on a central bank. With the Federal Reserve, deflation during the Great Depression was severe, but it was corrected after only 3 yrs in conjunction with expansionary fiscal policy (compared to the 23 yrs of the late 19th century)