Comment

The Mainstreaming of Ron Paul

7
Devil's Advocate5/07/2009 4:39:05 pm PDT

Charles,

I think you need to elaborate better on this. I didn’t vote for Ron Paul; I didn’t agree with his foreign policy. I didn’t approve of Lew Rockwell’s racism. But, one thing that Ron Paul has been right about is economics.

In essence, Ron Paul stands for Capitalism, No Bailouts, Free Trade. I stand for all those things.

This issue with the Fed, is based on the Austrian theory of the Business cycle, understood by F.A. Hayek and Ludvig Von Mises. Essentially, it is the idea that price controls always create misallocation of resources, so why do we accept the Federal Reserve setting “price controls” on our money via interest rates.

I think you need to explain why you’re against Ron Paul’s economic policies on paper, because he happens to be right on those narrow issues.