Ron Paul on Glenn Beck radio show 1/23

[J.Bradley]

I don't know if this has been posted yet but it was a GREAT interview.

http://www.glennbeck.com/content/articles/article/196/4897/

 

[ConstitutionGal]

OMG!!! That was actually fantastic!! Here's my favorite part:

GLENN: I mean, you know, we just -- I just happen to disagree with you, but I respect you, sir, for your opinion. I have said this, you know, behind your back. So let me say it to your face. I think you are the closest we have running to a founding father. You seem to be the only guy who has actually read the federalist papers. So I appreciate your efforts, sir.

PAUL: Well, thank you very much.

GLENN: You bet. We will talk to you again.

 

[unconsious767]

This is a reply from some self proclaimed expert (thread link) He was invited to come to this forum to explain why Ron is wrong, but he apparently doesn't know how to register (un huh...)

Holy shit on a stick batman, where to start?


1. Bond insurance - He completely misses the point of the current problem and doesn't understand what's going on in the credit markets. He starts with bond insurance and goes on to FDIC and FHA, completely ignores the whole problem. He doesn't know jack shit about what's going on! He simply goes on to blather about this or that problem, never addressing the problems in the capital markets. Do you guys know why there was a bounce in the markets today? Not because Ron Paul saved us, but because people found out there was a plan to bail out the bond insurers and stop the problems.

2. Print money, call it capital - He claims the debt is printing money. What does this mean? Isn't debt capital invested from somebody else? Don't people have to have money to invest? What about international investors, don't they have other money to invest? Is that printed? Does he even realize what happens when the Fed floods the market with money? They usually do so by backing it up with assets. Again, he is a joke. Sure, some money is printed and put onto the market, but most of it is into a downturn. What do downturns produce? That's right, deflation. So who knows if inflation is even going to happen to a large extent.

3. Business people think savings are going on - They are going on, not just our savings but other savings. He assumes that increased debt means savings aren't occuring, they are occuring, they are just offset by greater debt. More loony tunes. Sorry, but things are happening and he's too stupid to realize it.

4. Capital comes out of nowhere - How does capital come out of nowhere? Isn't isn't wealth created, savings made, and investments deployed? How do you get the fact that the economy is growing and money is still taken in? What about all of the foreign capital?

What about the debt for the future that will be repaid? Isn't that wealth created?

Debt is nothing more than future cashflows brought to today, it isn't "created". Somebody has cash they can lend today and do so.

people claim the banks are distributing more cash. What about the single biggest injection of cash in the world history by the ECB? Won't that increase Euro inflation? Why hasn't it degraded the euro to a certain extent? I bet he can't answer that, but I can.

5. Getting rid of Sarbox in response to Enron. Does he even know what SarbOx is? Does he know how it hold's CEOs and other execs accountable for their own actions? Nah, he just wants less regulation. He somehow thinks that the "free market" in a fairy tale world will fix itself. Good one sparky.

6. Get rid of death tax? Wow, here's a real good one. This fucktard thinks that redistribution of wealth throughout the economy isn't a good thing. Too bad this goes against all principals of "private bankers" and "rich" people controlling everything. He advocates this and claims he is a Republican or a libertarian? He actually advocates the creation of a perm. aristocracy with ever increasing wealth and permanence? Eventually they become the ruling class, to the detriment of the whole society. You fail again gasbag.

7. Getting rid of taxes encourage investment - Here's a good one. Sorry buckwheat, but somehow we've managed to invest quite a bit despite the taxes, imagine the fact that we've done pretty damn well! All he wants to do is shift taxation from one hand to another, right pocket left pocket to play money games. Novel idea!

8. Interest rate generates bubble - Sorry, but the Fed interest rate had almost no bearing on the long-term interest rates of the 10-year note, the benchmark for mortgages. Additionally, it has almost no bearing on credit card spreads, both of which drove mortgage pricing. Too bad it was the deployment of long-term capital overseas that generated the RE and credit bubble. But of course, overseas money was fictional too!

9. dollar bubble - Nobody bitched 5 years ago, but in a downturn do. What happens when it rebounds eventually after the PPP returns to decent levels compared to the euro? Then what?

10. borrow or print money, where is inflation - Again, we come back to demonizing "fat" like we demonized inflation. Inflation BAD, GOLD GOOD! Sure caveman, think in binary terms. Too bad inflation isn't directly correlated to expansion of money, as is proven by several items. Furthermore, inflation isn't always bad, unpredictable inflation is.

11. how do they lower interest rates? They lower them through Repo and liquidity, so what? Does that mean it always creates inflation? If it did, then why didn't it create inflation in 2001-2003?

12. Dollar goes down, weaking is crisis, how do we suffer? I love his alarmist statement that a dollar is now .8, sorry, but it's not that bad. Furthermore, that's assuming that wages don't go up. Sorry, but you haven't proven that long-term wages have eroded significantly, you just say inflation is evil, which it isn't.

13. dollar is worth so little - Is it? If it was worth so little and the prospects sucked so much long-term, why are people still willing to finance our companies and consumers? Obviously it's not for the hell of it.

14. Poorest getting hit by more inflation - Prove?

15. where is inflation of 10-12% come from? Any proof behind this? At most, CPI is at 4.1% annualized. Where do you get this? I would like direct information that is empirical and repeatable.

16. He predicted market would go down - Whoops, bond insurers aren't that bad now, are they? Guess that's why the market swung up. His prediction, like the rest of his bullcrap, was wrong.

17. One world government and socialism from wilson - Ohhh, here we go, shadowy conspiracies! More loony toon bullcrap!

18. Any great nation off gold standard will not remain to be great, what nations? Emperical proof is against. - Proof? Empirical evidence says he is wrong as Halik linked. I guess he has some Mises or Friedman theory that counters that, eh?

19. How would gold standard and competing currency be less chaotic? - Competing currencies have, historically, shown themselves to be more chaotic, less enticing for investment, and create more runs on banks. Sorry loony tune, you lose again!

20. Has read the federalist papers - Wow, you read some of the founding fathers, but not all. Considering the head federalist was Hamilton and he was the real, first, state-controlled top-down big brother government believer, I guess I question why you don't counter many of his believes with Republican ones, which were Jefferson's ideas for more state rights and a smaller government. Of course, only one-sided founding father papers are correct.

All in, crap interview from a crap interviewer and a crap interviewee. Too bad both are fringe loony tunes kept to fringe politics...

 

[J.Bradley]

Wow, that guys angry.
I'm impressed that this guy can explain all the issues in one liners. haha

 

[Johnnybags]

Beck- Whitehouse press secretary

No need to lie, no stress, no ambiguity? Oh, how nice it would be to listen to straight talk out of the oval office. They all quit every 6 months because they cannot sleep after being told to lie 24/7. Its the Ambien capital of the world. The Whithouse press corp.

 

[Commander Yo]

Can those who bashed on Beck send him an email to thank him for a quality interview?

He did our candidate and our Country a great service and shows how media should act. A

 

[driller80545]

Wow, what a thread link. Inflation good. World police good. RP bots cavemen. Ha! Some people are so impressed with their own voices that they can't hear what they are saying.

 

[Sunshinysmile]

I agree...that list to counter RP was a waste of time and energy. No answers, no specific theories and examples to disprove Paul. He just showed that he is cluess when the good Dr. speaks. I am not an economist, and I get it. If you actually listen, it makes sense. He is not listening. He is angry because he is used to being right, can't believe he can learn something from a politician, and he doesn't have a real come back.

Ron Paul for President 2008