Does Alan Greenspan endorse Ron Paul?

[fdpirigyi]

We could create a repeating economic stimulus every year of over a trillion dollars by eliminating the IRS!  That is more than a trillion dollars every year left in the hands of consumers. They act like there are no solutions but they are right before our eyes.

[doublek321]

Well done CorbettReport!

[markuskentwood]

The fact that Ron Paul endorses a monetary system is all the reason one needs to not support his cause. Everyone on this planet is entitled to Earth's resources and NOT just the people who discover it first. That is such an immature way of thinking i.e. "finders keepers!". Grow up and research a resource-based economy.

[MONOPOLY35]

I believe Alan Greenspan is either making up his claims or speaking his true feelings after retiring from being Federal Reserve Chairman. The problem is, Greenspan's previous actions show that he is hypocritical, just like Ben Bernanke!

[shortlimb1]

just curious.. how many strong are you?

and thnx for the vid! :D

[pjmgame]

Why the fuck are those idiots booing Ron Paul? How fucked-up can American be?

[LibertyMike1]

@pjmgame Makes you realize how pathetic and stupid Neo Cons really are!

[pjmgame]

@LibertyMike1 Yes it does.

[RonPaulBenjaminFrank]

greenspan is a fucking lair! globalization and smaller government do not go hand in hand. greenspan is a fucking DEMON liar!

[wookieeassassin]

Everyone, please get your facts straight before trying to get people willing to participate in the government.The Federal Reserve is not a private corporation. The Federal Reserve is an independent government agency. That means that the decisions they make are not overseen by Congress or the President or any other government institution. That is why the Federal Reserve is bad. The Constitution says in article 1 Section 8 that Congress has the power to coin money and regulate the value thereof.

[TheBasicFreedom]

Big, there are many ways to reduce military spending - close down some of the 700 existing bases, etc.

Increasing the money supply always means redistribution of wealth.

Increasing the money supply during a recession serves no purpose, b/c a recession means the trend of the consumer is towards saving and not spending - the increased money supply "fights" the trend.

When savings is the trend - investment in future production is also the trend, the economy is still "growing". .

[bigpotato1990]

Ron Paul is an absolute idiot lol

[NoSz4]

your retarded

[bigpotato1990]

cmon man anyone studies economics knows that Ron Paul doesn't know shit about economics. He graduated from grad school with a freakin degree in medicine, now he's arguing with Bernanke, Greenspan about their econ policy while these people all were summa cum laude phd in economics from top colleges. Look at his answer in the interview lol. Now if America drop the income tax as he suggested, budget deficit will skyrocket and the country will go bankrupt. Listen to the shit that he says at 2:24.

[dpod916]

If you could cut military spending, decrease or get rid of the welfare state, you would save trillions hence not needing the income tax, if you continued spending at the rate we are and cut income tax you would be right. Besides we do not fund many of or policies by income taxation most of it is done by inflationary taxation meaning the fed reserve just increases the money supply (by printing money and monetizing the debt) causing inflation that we all pay for by having a weakened dollar.

[bigpotato1990]

Although I agree that we should decrease military spending, we cannot do it substantially because of security and political reason. Besides, income tax has crucial roles in redistribution to reduce inequality, so it is absolutely necessary. Increasing money supply is important because when a country get into recession, increase money supply help increasing aggregate demand. Also, increasing money supply doesn't mean inflation, in fact, we were in deflation at the time of the crisis.

[wookieeassassin]

@bigpotato1990 Income taxes as we have them don't really help anything except increase government spending and disallow hard working Americans from participating in the economy. I don't think very many people are for the disbanding of the military, they simply want us to use it to protect our borders, to not have so many foreign military bases and engage as many conflicts as we do.

[sillynanny44]

lol so u would rather listen to people with big badges instead of listening to people like ron paul who predicted our recession. u talked about wealth redistribution reduces inequality. how is it moral to steal from rich people if they have commited no fraud? how is it practical to punish people who create jobs for the poor?

[puppetjaw]

OK now let's look at the other presidential candidates for economic experience - Ya None...you are the retard

[bigpotato1990]

lol ok i'm retarded u are a genius lol

[triumphelf]

Chairman Greenspan, already Admitted in Many,many- TV interviews that the FED answers to No President or Government,,there Above the LAW..Never be investigated or Audited!!

[JimLundberg]

We need to AUDIT THE FED, which is actually a bill by Ron Paul that is currently in committee at this very moment as HR 1207. Please call your Representative and ask them to support it. There are already 124 Co-Sponsors for it. But then we need to keep the pressure on because the Senate will try and pass a bill that takes the teeth out of an audit, much like the current GAO audit authority is extremely limited.

[DaFuZzMaStA]

cool video :)

[JoeTube27]

Who needs a trillion more the people or the government who just spend it on pointless wars and bigger bombs. The government should be cut in half. Also if any wars are declared everyone in Congress should send one of their sons or daughters. I bet you would never see any wars.

[delyshBB]

The government should do what the constitution says... Defend the liberties of the US citizens. No Medicaid, no Medicare, no Social Security, no policing the world.

[raigekimaru]

the government should be cut in 20

[NotAsOtherz]

He never said he endorsed Ron Paul. I don't know why Greenspan would endorse a man who would abolish the Federal Reserve.

[bolognamof]

Thats very true. Greenspan ran the federal reserve. Even though the Fed should be demolished Greenspan would never agree to that because at one point he was in control of it.

[vahram77]

I like Obama but I wish Ron Paul won...

[ziqueez]

HAHAHAHA, yeah right. Greenspan knows about economy, he's one of the great thinkers and greatest economists of our time. Ron Paul, on the other hand, has a very naive view of the economy. He imagines free market to be perfect and doesn't want to acknowledge how complex and difficult to manage the economy really is. Greenspan would die laughing at his views if he ever took the time to seriously consider them.

[bolognamof]

Wow. Its funny how you have no clue what your talking about. Alan Greenspan is no smarter than Bernanke who is also economically retarded. Ron Paul follows the economics of the austrian school of economics who are free market economists. They have predicted every major recession and depression and are almost always right. By the way letting the free market go is the best way to get out of recessions. The more government tries to help the more damage they do.

[ziqueez]

Hehe, no. Austrian school hasn't predicted any single crash, it has predicted "a" crash, forever and all the time. Austrian school of economics is pretty much the definition of uselessness. They're like naive kids who don't want to acknowledge that even a primitive analysis of economy requires dozens of variables and instead pretend that free market fixes it all, because they're too afraid of how complex the system really is.

[isaacdunlap]

True. The Austrians didn't say this would happen or what would happen.

They've eternally predicted crashes. And the economy is showing signs of recovery. Whereas Ron Paul still thinks we've got 15 years to go. Bernanke's predictions were closer to reality, I think.

[ziqueez]

Also, if Austrian school has predicted "every major recession and depression and are almost always right", why are investors of the Austrian school, like Peter Schiff, losing money and actually performing worse than the markets? Peter Schiff himself has admitted that his investing advise has been very crappy lately. Not too good for a guy who's "almost always right", huh?

[Drexel2008]

So you are promoting bigger government, higher taxes, and more creating money out of thin air to solve this economic problem? How about we just nationalize everything?

Greenspan knows a FED is bad , but what kind of person would give up that kind of job. Power corrupts.

That's what separates Paul from Greenspan, Paul is incorruptible, he tries every day to limit his own power and the power of government. He's the one person, that if elected, could make "real change"

[asierra1492]

If you take peters clients who joined in the last 8 months they lost money, but you need to take into account all those clients before that that are now rich. especially the ones before the dotcom crach who didnt lose a single buck.

[Patriotintears]

Amen

[highonhayek]

If you think about it, this was eventual(the endorsement to McCain). An endorsement by a former FEDERAL RESERVE CHAIRMAN for a HARD MONEY ECONOMIST(Dr.RP) would be tantamount to public admission that today's printed dollar is as worthless as used toilet paper.

[TexasCoyote40]

Read: "The Revolution: A Manifesto" - Ron Paul

[highonhayek]

OUCH!

Dija hear the news? Greenspan has endosed McCain.

It doesn't matter though.

Alan Greenspan does not hold terrific sway over public opinion.

Never has.

Go back to your lives.

*Yawn*

[alansready]

i love hayek he is one of my favorit economist of all tiem. we ned to stop obama he would dstgry this nation buy increasing the size and scope of govennt obama wants to tax and spend us into the next great depression

vote for palin she is next best to Ron Paul

[gwho]

yeah about the whole greenspan thing, i don't know whether to like him or not. in principle, he sounds like he's got his head in the right place in terms of economics and ideology. his essays when he was younger even said to the effect that inflation is a way for gov to steal money. but i've heard some disastrous things he did in his term. i donno. its hard for me to believe that the FED chariman would be libertarian, when the private corporations and international bankers own it... im skeptical

[junkeemonkee]

WAKE UP AMERICA.....and Be VERY afraid if anyone other than Ron Paul is elected for

President!!! RON PAUL is by far the most honest, Sincere, smartest, intelligent, Genuine, most fiscal, constitutional, patriotic man to run our Country!!! We must pull together and

support RON PAUL by going to ronpaul2008(dot)com and donating..... even 10 or 15 dollars

helps him spread the word more!!! He is our LAST bit of HOPE!! VOTE & Cacus RON PAUL YALL!!

[Zeldovich]

So, let me get this straight,... You think that Greenspan might endorse Paul, even though you present no evidence for it? It sounds to me like he'd be more likely to be a fan of Bill Clinton, since he writes and speaks of him glowingly.

[Zeldovich]

My bad. I should watch the whole video before commenting/questioning.

[CorollaKing]

Sure central banks lasted for awhile but they can't last much longer were going bankrupt and when economies collapse people turn to dictators-Nazi Germany-Scapegoats-Jews, gays, etc. RON PAUL 2008!

[tradingbr]

the Fed is a great central bank, you guys should be proud of it. bubbles always existed, its human nature, even without central banks, just study a little history

[gwho]

bubbles don't exist until there is inflation, that is increasing the money supply.

the money supply is increased in two ways: fractional reserve banking, and the fed printing money. why shouldn't such a powreful organization be accountable to the people? the constitution says congress has the power to coin money and regulate the value thereof anyway.

do study a little history, and see that fiat curencies have always failed and always bankrupt the nation. gold is finite, u cant inflate it.

[tradingbr]

every gold standard in history has ended because of government, just as every fiat system has ended, so?

[gwho]

haha you're right about that. but that's looking at it from a very distant point of view.we can get more specific and say that every fiat system failed on itself because of economic reasons.

it comes down to basics. who has control over the money supply?shouldnt it be the government and specifically congress? why does the fed get to print money out of thin air & lend it to the government to collect interest?if we are going to be fiat, shouldn't we create money and not pay interest to anyone?

[tradingbr]

fed or congress printing money, its both pretty bad, but fed is least bad, I dont want people who dont believe in evolution controlling the money supply. greenspan is not a bad way at all, milton friedman was a ron paul supporter and yet liked greenspan

[gwho]

what what? what's evolution got to do with it? public schools and te dept of edu should be dismantled too, but i must argue that congress holding the power is much better(obviously gold standard would be best so inflation isn't possible) because we wouldn't have to pay interest. it's a huge deal. esp with the debt levels we have now. The amount of interest alone exceeds all of our income tax in a year, making some people say income tax doesn't pay for any services or running cost of the gov.

[ProprietorOfSelf]

greenspan is a minarchist. he was actually personal friends with ayn rand and has been a proponent of objectivist ideas. but naturally as the former chairman, he is not going to be very vocal in his criticism of the federal reserve.

[scientistwriter]

noob.

[freezazoid]

n00b. what about what proprietorOfSelf said is n00b? is that all you have to say scientistwriter. Try using "science" sometime, it involves backing up your statements with fact.

[alansready]

greenspan destroyed this nation when he lowered intrest raites ot 1 perectn vand kept thiem htere for 1 year in 20902 greenspan nedds to be hanged in public for destryouying htis gtrat natiom obams is worst we msti end the obasma prsdidnret now

[ProprietorOfSelf]

first of all, there is a difference between federal reserve chairman seat and the presidency. there really is no comparing obama to greenspan. greenspan ran the fed. second of all, i can hardly read this. lol.

[alansready]

well obama is hopless and destroy this nation as did greenspan. my typing sucks. I support ron paul and i like this Palin woman but i think obama is the most dangerous man on the planet now because he is good looking and a con artist and liar and the people of america are very gullible .americans are morons and 90 percent of blacks are voting for obama which is racist

[jidar]

lol. Dude, you're retarded.

[Yourdeadmeat69]

Nice catches.

[themacx]

Ron Paul get's 0% media attention in europe :-(

[dmika59]

He gets .001% media attention in North America.