Re: You Choose '08 Spotlight: Ron Paul on Monetary Policy

[bhuman111]

Slight correction: While Milton Friedman did want to drop the federal reserve, he wasn't in favor of a gold standard.

Rather, Milton advocated a mechanical system where the amount of fiat currency increased by a set percentage every year. The notable difference between this and the gold standard is that Miltons system would still "devalue" (read: inflation) the dollar over the long haul.

The question you have to ask yourself: Is getting rid of inflation, what we really want?

[Mattes50A05]

Yes Milton Friedman the majority of his life advocated central banking regulated by an interest rate set to population growth. BUT Later in his life he retracted this and advocated a gold standard. I have changed my views on this since this video greatly. I more advocate the Rothbardian monetary policy of free market in currency. Letting the market decide its currency. If you get a chance if you are interested read Murray Rothbard's "what has government done to our money?" It sums up my thoughts

[emeraldmorn]

you are awesome mattes50A05!!! i love the way you introduced and talked about gold. and u r cute too. ;) keep up the good work! your fellow patriots(for example: me) are right there behind you!

[crackaline]

you are awesome and a southern rp supporter like me.

ron paul!!!! he will win no doubt in my mind.

[lastlady]

Thank you!!!

Ron Paul For President 2008!!

He CAN Win. And when he does WE THE PEOPLE WIN!!!

[blicksflicks]

Yeah, let's go back to the gold standard. VOTE RON PAUL 2008!  Let's become Americans again! FREEEEEEEEEEEEDOMMMMMMMM!

[ronalmydinho]

good stuff dude

[AwakeAndAriseOrg]

Good for you, sharp young man, informed and knowledgeable of the phony, funny money of the Federal Reserve Moneyed Monster. A whole slew of youth so educated would certainly change this nation for the better, and bringing the criminal New World Order Traitors and murderers to naught with all their vicious, wicked schemes.

[animalsfriendly]

and yeah, Ron Paul 2008!

[animalsfriendly]

the problem is the people who hold the power don't work for America. politicians change, power holding rulers do not. Their god is money. their business is not necessarily to do good for America but make more money, if it's by decreasing US dollar value than they'll do it. You are nobody to them. Outsourcing should've awaken people long time ago, but these fuckin morons will never wake up, in their coffin only. so long America/titanic.

[Dumbell99]

If you look at what happened to the dollar even since 1970 you will notice that minimum wage is far less as per inflation than it was then. You are right about gold, silver is just as good for those who cannot afford gold.

[forexsignallive]

I think Ron Paul would be a great leader too. However, you need to realize that gold or any commodity only has value because mankind assigns it's value. Gold is just a lump of metal. Gold's value fluctuates as much as the paper currency value. If man found a way to manufacture gold it's value would change overnight. So all value is false and only valid for as long as people are willing to pay for it. I would put my money in land.

[Mattes50A05]

I agree land is a better investment. Gold has always held its value well, and in a post dollar crash economy it will be worth alot. Also remember land doesn't always hold its value. Things being built near it can decrease its value i.e. dumps. Also gold is a cheaper investment. But I agree with you.

[rdcypher]

Please watch moneymasters on Google Video to see more information about the pitfalls of a purely gold standard. Gold is easily monopolized. But you've made great points and we definitely have to change something.

[ProdigalMt]

Exactly. This is always the point the mainstream media make to make a candidate look foolish. It's not foolish! A fiat currency is foolish, and the ones who are printing the money know it. They think it's hilarious that we let them print money!

[agturboninja]

he said gold and silver as legal tender