Denninger: Ron Paul Is Out Of Excuses
Good news -- Congressman Ron Paul is to be the chair of the House domestic monetary policy subcommittee, starting in January.
Bad news -- as Denninger puts it:
Does Mr. Paul have a sack?
We go live in under a month.
End the Fed.
See you in DC.
posted by Concerned American | 6:00 AM
9 Comments:
Ron Paul is a small-government Republican, which means he wants the mythical kind of fascism that makes everyone better off at once. You will never hear him say the congress should not have the power to coin, print, borrow, regulate, or otherwise tinker with money.
Does Mr. Paul have a sack?
I hate to be a cynic (really I do) but my money is on No.
Come on now, Karl!
I am not an economist, not even a person who has attained a high degree of formal education, but could it be that you, Karl, who have made your living in the financial markets, cannot admit that the very existence of the FED is the root of the problem? Would you not concede, if you were to be honest, that the manifestations were now witness could not have ever happened had we stayed the course of "Lawful Money" as defined by the Founders?
Sure, I am all for prosecuting the criminal element in government who have fomented this debacle but to slight Ron Paul for his consistent, career-long attempts to speak truth rather than applaud the fact that he now holds some sway in this new position is just, well, chickenshit. He may very well not make any progress due to the malignancy of the disease that has overtaken the patient, but to run him down is counter-productive at best.
KPN3%
....one other comment, if I may:
Ron Paul had better get a good body guard team and a food tester. Everyone in the history of this nation who has spoken the words, "abolish the Federal Reserve" have, not coincidentally, had attempts made on their lives.
When you get close to exposing the truth and have attracted the attention of many, you are taken as a threat to that "den of vipers".
Be careful, Ron Paul.
KPN3%
Please.
Denninger's post is ridiculous.
Dr. Paul has done more for liberty than just about anyone.
KD, keep your nose to the grindstone. I will too. Don't worry about Dr. Paul; he'll shade both of us.
Putting all the burden on Ron Paul to make good is a lame set-up that is a lose-lose situation. Has it occurred to you why Ron Paul has been denied the position three times previously? DC and the Fed is scared of him, because they know he is like a bulldog that will not let go
Ron Paul cannot take on the Fed single-handedly without the support of the Congress and the Senate. His new position does not have the executive or the dictatorial powers to do so, as Denninger somehow alludes it does, thus suggesting that Ron Paul does not have the integrity to "walk the talk".
Shame on you, Denninger. You know Ron Paul would only work to end the Fed via Constitutional principles, and not by means that you yourself condemn are used daily by our government.
KD is good on many issues such as the fraudulent machinations associated with sub-prime loans.
But he most definitely lacks an understanding of Paul's long-standing, carefully articulated positions regarding libertarian thought in general and Austrian-school free-market economics in particular.
KD has never shown much interest in the enormous implications of honest, commodity-backed (preferably gold and silver) money as regards our prospects of ever attaining a free, just, and prosperous society - one in which central banks,legal tender laws, and income tax would have no place.
If I understand KD correctly, he seems to suggest that Congress and and the Fed itself, of all entities, should exert yet more regulatory power over the banking system, rather than letting the courts settle cases of fraud and other abuse.
With due respect for KD on other matters, he badly misses the mark this time.
Andrew
It would be a good idea, methinks, to know who else is on that committee chaired by Congressman Paul.
Anybody want to run that down?
Or the message simply could be:
Congressman Paul, do it to them.
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