Jerry L. Jordan: We Have Replaced Household Debt with Government Debt

[a4finger]

omg did he say PhD economists don't know basic accounting? They'll fuking give this stupid degree to any morron

[2728mr]

I didn't hear him say anything about shutting down the Federal Reserve.

[LibertyDownUnder]

Great to know that there are SOME people at this level who think like this.

[rumco]

@LibertyDownUnder Note he's a former president. There have been many who would talk about free markets yet expand the government, such as Reagan. Orating is one thing, sticking to it another.

[LibertyDownUnder]

@rumco, I don't know much about Reagan but from what I gather it was him against the rest of the country and even many in his administration.

This is not to say he's off the hook, I just think it's impossible for 1 man on his own to bring in this kind of reform. There need to be 30-40 strong constitution supporters in congress / senate.

[rumco]

@LibertyDownUnder In view of that, one wonders whether Ron Paul would honour his promises :)

[LibertyDownUnder]

@rumco, on his own he cannot possibly reform anything. Even as president.

I got the thing about the 30-40 supporters from one of his interviews, can't remember where/when it was.

[yougiberishtube]

thumbs up

[Reckless3057]

How did a former Fed president end up speaking to Cato?

[LexPhilogus]

@Reckless3057 They are not the Mises Institute.

[InfernalApocalypse]

@LexPhilogus

Thank goodness for that.

[scanlonized]

undue increase is needed so the Banksters can have record bonus and Merry Xmas.