Ron Paul Rocks CNBC 13/11

[qwerty]

YouTube - Ron Paul Rocks CNBC 13/11

http://www.reddit.com/r/Libertarian/comments/a42o7/ron_paul_rocks_cnbc_1311/

 

[Bruno]

I forget - what is the 13th month called?

 

[qwerty]

I forget - what is the 13th month called?

It´s an European way to write the date...

 

[Chieftain1776]

That was an awesome interview but of course Keynesian hack Steve Liesman barrels in on Ron Paul bringing out his most "radical" positions first. Glad Ron Paul is learning to deal with these hacks. Liesman isn't interested in thoughtful discussion only in discrediting his opponent. Someone should ask Liesman, right off the bat, if he believes--along with Keynes-- that digging holes and filling them up again is how to get economic growth.

 

[newbitech]

we'll get an advertiser before we do. yep...

 

[RevolutionSD]

That was an awesome interview but of course Keynesian hack Steve Liesman barrels in on Ron Paul bringing out his most "radical" positions first. Glad Ron Paul is learning to deal with these hacks. Liesman isn't interested in thoughtful discussion only in discrediting his opponent. Someone should ask Liesman, right off the bat, if he believes--along with Keynes-- that digging holes and filling them up again is how to get economic growth.

Liesman I'm sure is a government plant, he always takes the side of more government. It's idiotic fo him to call Paul's austrian positions "radical" when 1) RP has been discussing these ideas for over 2 years now right on the MSM, and 2) the Austrian school is rational, as opposed to keyensianism, which is insanely complicated and much more "radical".

 

[sofia]

wow...

that was awesome. These guys really were interested in what RP had to say...even hack Lismen knew he couldnt hang.

Did you hear at the end when they told RP top "get in here" so we can let you loose for two hours!!!

 

[ctiger2]

Steve Liesman is definitely a Fed plant.

 

[RevolutionSD]

wow...

that was awesome. These guys really were interested in what RP had to say...even hack Lismen knew he couldnt hang.

Did you hear at the end when they told RP top "get in here" so we can let you loose for two hours!!!

Yeah, and Liesman looked so annoyed about that idea!!

 

[TER]

just emailed this youtube to everyone I know. Please do the same!

 

[Bruno]

It´s an European way to write the date...

I know that, just kidding around

 

[Bruno]

Paul said if you put $100 in the bank today, the bank can loan out $190. Is this correct? I thought it would be more like $900 they could loan out through fractional reserve banking?

 

[Annihilia]

Paul said if you put $100 in the bank today, the bank can loan out $190. Is this correct? I thought it would be more like $900 they could loan out through fractional reserve banking?

That's what I thought. Maybe it was just an on-air slip up, but the point still stands.

 

[Perry]

If I didn't know any better I'd say this was an economics classroom and the cnbc guys were the students. They offered Paul two hours of air time and said that if he came in they'd "let him loose" and every one of them expressed their desire to hear more from the man.

I love it.

 

[Bruno]

That's what I thought. Maybe it was just an on-air slip up, but the point still stands.

Agreed

 

[Annihilia]

If I didn't know any better I'd say this was an economics classroom and the cnbc guys were the students. They offered Paul two hours of air time and said that if he came in they'd "let him loose" and every one of them expressed their desire to hear more from the man.

I love it.

I sent CNBC an e-mail expressing interest in a 2 Hour RP special; just have him go nuts on all of these topics. It would be pretty epic.

 

[Meatwasp]

Boy I just can't get enough of Ron. I love to hear him talk.

 

[NYgs23]

Paul said if you put $100 in the bank today, the bank can loan out $190. Is this correct? I thought it would be more like $900 they could loan out through fractional reserve banking?

As I understand it, if the fractional reserve requirement is 10%, that means that if a depositor deposits $100, the bank has to put 10% ($10) on reserve, which is seen to be removed from the money supply. Then they loan out the remaining $90. But they create $100 in "demand deposits" to replace the $100 they removed from the depositor's account. These demand deposits act as real money because the depositor can withdraw cash at anytime, write checks out on them, and transfer them to other accounts. Thus, you end up with $190 in existence (subtracting the $10 on reserve) from the original $100 deposit.

Then, of course, the borrower will spend the $90 and the receiver of this money will likely deposit it in another bank. This bank will put 10% ($9) of that deposit on reserve, loan about the $81 remaining, and create $90 in demand deposits to replace it, giving you $271 from the original $100 deposit. And so forth...

 

[brandon]

I forget - what is the 13th month called?

Ronuary

 

[lester1/2jr]

being a guest host on squawk box is kind of awkard though. it tends to involve alot of sitting around