Rep. Ron Paul on the Constitution, Keynesian Economics

[leobennachoben]

I think Ron is totally correct about the new interpretations of the constitution.

I portray Abraham Lincoln in Lincoln's Ghost and Lincoln's Ghost returns, a one man show of Abraham Lincoln and his wisdom. Mr. Lincoln had a good grasp om the problems that beset us as a nation even to this day. What I quote him as saying is important to the instructing of the nation.

Jay Beacham

[Machine2063]

Good/bad times,always excuse expand secrecy/FED monopoly.Income/activity/etc taxed,reached political limit. Poor/middle class taxed heavily, government can't dare try extort more.Outrageous amount pay,no effect!High property tax,sales tax,income tax,inflated costs housing/education/health etc.Obama criticizes Bush foreign policy,then same thing!War not best for US/world stability interest.Tarp funds don't go where claimed,special interest handouts.Paul fights for the people,defends constitution!

[j1a2r34]

It's amazing that anybody still believes that borrowed money is an asset and equivalent to capital.

[sabiki74]

I can't believe Dr. Paul really believes some of the stuff he says considering he is an expert on economics. He is a very good politician. You can't call the great depression philosophical. He knows without Gov't intervention the natural cycles of the market could last decades. For Dr. Paul to suggest that one generation gets prosperity at the expense of killing 7 million people during a "big recession" (ha ha) is either ignorant or evil. The debate ended in 1929. You lost, get over it please.

[stater68]

@sabiki74 It is hard to recall someone more clueless on the issue of economics than yourself. The great depression was preceded by a large asset bubble created by the fed. This bubble burst in 1929, the economy went into recession to purge itself of the malinvestment. The fed, not to outdue itself, sucked 30% of the money out of the economy, and FDR sucked private lending capital out of the economy with deficit spending. He also interfered with the pricing structure with the NRA.

[sabiki74]

@stater68 Funny how you say clueless while completely ignoring my argument. Free market cycles are low peaks but last DECADES!!!!!!! That means you would have less boom but more years of it. Conversely, you would have less depression but it would last longer. If you can't see how this would affect certain ages of people then you will never understand why we keep the system. Yes the Fed failed in the 20's. Our knowledge was limited. To let the market purge naturally would have been inhumane.

[sabiki74]

@sabiki74 And this is exactly what Dr. Paul is saying by dismissing Keynesian Economics. He knows that his voters will never read the Supreme Court decisions that defined Congresses power in Article 1 Section 8. Dr. Paul knows that the Hamilton argument won when we had the Great Depression. He can continue to stand with Madison, but it is only to sound good for his voters and not to help them in any way.

[stater68]

@sabiki74 You are not using any facts or objective reasoning. You're just assuming there is a flaw in the free market system. The are no such things depressions in capitalism, they have to be created by government.

[sabiki74]

@stater68 LOL. No depressions in capitalism. Thanks for making my day. Go study economics some more and when you can tell me what would happen in free market capitalism if people started investing and saving instead of spending, you can reply.

[stater68]

@sabiki74 If America had a high savings/capital investment rates, then we would enjoy unparalleled prosperity forever. For the past ten years, america has spent excessively and as a result the largest asset bubble in world history blew up and we incurred billions of dollars borrowing from the rest of the world. Meanwhile, our manufacturing base deteriorated. Spending does not drive economic growth, savings and investment do.

[sabiki74]

@stater68 you really have no clue do you. Unemployment has to increase as savings increase cause nobody is buying merchandise. As unemployment goes up, people get scared and save more. This cycles into a great depression. Like I said before, this has been settled by history and for you to debate it is ridiculous.

[stater68]

@sabiki74 Oh, yea. I forgot Keynes thought that capital goods just appeared out of nowhere without any financing.

[pretorious700]

@sabiki74 Wow, you are an idiot.

[garretth48]

@sabiki74: Helicopter Ben Bernanke was telling people not to worry as late as 2007. It would seem to me that the knowledge of the Keynesians and the illegal federal reserve is still limited...

[sabiki74]

@garretth48 ~~ I think that might be where a lot of you are getting confused. If you watch the video again, I believe Dr. Paul explains that Keynesian economics is the government injecting money into to economy. The federal reserve is different from the government. Keynesian economics didn't start until after the great depression when FDR started public works programs to inject cash into the system. Some say Keynesian ended with the stagflation of the late 70's. Now we use a Chicago school type

[garretth48]

@sabiki74: It's the same general idea; try to stir up demand that isn't there.

[pretorious700]

@sabiki74 I wonder what has to happen for people like you to see what the real results of keynesian counter cyclical actions are-and yes, if war is the health of the state, the people who employ that principle are responsible for the results. THAT'S evil.

[sabiki74]

@pretorious700 what are you talking about? Keynesian economics led to prosperity until the stagflation of the late 70's. It was so good, FDR would have been elected every time while still alive. Also, why did you bring war into the equation. FDR injected capital by building stuff like Roads, Dams, Parks. There is nothing productive about building something just to blow it up. War is useless.

[stater68]

@sabiki74 Open your eyes. The last ten years have been the greatest keynsian experiment in history. Look where demand side economics has gotten us. The largest consumption binge in world history and all we are left with is unprecedented debt.

[sabiki74]

@stater68 ~~I think you don't understand Keynesian economics. As Dr. Paul explained, it means the government injects money into the system to stimulate the economy. This has nothing to do with the Fed. Keynesian didn't publish his paper until 1936. Keynesian economics ended during the stagflation of the late 1970's. Reagan switched to Chicago school which is low taxes leads to high production/ consumption which means more revenue. Now we might be entering another Keynesian era with stimulus.

[stater68]

@sabiki74 Keynesian economics created the stagflation of the 1970's. The entire idea of high inflation and high unemployment completely contradicts the idea of Keynesian economics. Artificially high interests rates ended the stagflation of the 1970's, and government stimulus was exactly the cause. It might just be me, but you have some terrible arguments supporting your economics theory.

[ronheri]

Dr. Paul, I supported him in last election and will continue in 2012. He is hope for America!

[LiveFreeOrDieNow]

Ron Paul is my president.

[Freethought42]

Call your congressperson and tell them to support Ron Paul's HR 4995 End the Mandate.

This bill will eliminate the provision that forces Americans to buy Health Insurance.

[SeaTownJoshTV]

Ron Paul 2012

[MooseOfReason]

Part two here:

-59Ea5U8bWI

[MooseOfReason]

"He takes after his mother."

Hah.

[slumlord2007]

This idiot is still around? And I don't mean Rep. Ron Paul...

[Daniel44125]

Ron Paul 2012

[savagegalt]

It's coming

RAND PAUL 2010

RON PAUL 2012

AUDIT THE FED

then

END

THE

FED

[gold95]

It cuts off at the end...

[thedecider1984]

can u post the levin interview

[fupasack2]

stupid fox always cuts him off!

[jvittetoe]

@fupasack2 come on now, its clearly this clip that cuts off

[iFreedom4ever]

Awesome interview Imus. Thanks

[BillofRightsBrutus]

How can one single cent of money be argued for foreign or corporate aid while the fed bleeds taxpayers dry to the point that schools are shortening school weeks and many children are starving and homeless? Priorities; Congress has NONE.

[BillofRightsBrutus]

One can't legitimately equate the educational and socioeconomic plight of America's children and fututre generations to the military and state status quo demands of foreign entities, however. Say whatever one wants to about "welfare", corporate, poor, whatever; who doesn't matter. The majority of poor to middle class future generations have been sold out already.

[BillofRightsBrutus]

Nice video. Deregulation was supposed to be one of the "anomalies" of the Republican Party; thrown out there so long ago. One must struggle to rationalize how that trend, in conjunction with dwindling unions, deteriorating environmental circumstances, and a growing upper echelon executive structure, ever survived to fruition. Strictly foreign policy and special interests is how.