bobbyw24
Banned
- Joined
- Sep 10, 2007
- Messages
- 14,097
In the Tea Party’s short life, the Federal Reserve has been a target of its oppositional rage, spurred by Tea Party godfather Rep. Ron Paul’s persistent calls to eliminate it.
While Paul’s anti-Fed crusade is widely thought of as economic libertarianism, the roots of this combat lie in a theocratic reading of the Bible, arising out of the nexus between Paul (and now his son, Senator-elect Rand Paul), Howard Phillips and his Constitution Party, and Gary North and the Christian Reconstructionists.
For decades, the elder Paul, Phillips, and North have shared the libertarian economic philosophy of the Austrian School, which advocates a strict free market approach to an economy they portray in terms of individual choices and agreements rather than systemic forces. With respect to the Federal Reserve System in particular, they have argued against its fractional reserve banking, and its manipulation of interest rates to control economic ups and downs.
http://www.religiondispatches.org/a...fed’:_behind_palin’s_dig_at_‘unbiblical’_fed/
While Paul’s anti-Fed crusade is widely thought of as economic libertarianism, the roots of this combat lie in a theocratic reading of the Bible, arising out of the nexus between Paul (and now his son, Senator-elect Rand Paul), Howard Phillips and his Constitution Party, and Gary North and the Christian Reconstructionists.
For decades, the elder Paul, Phillips, and North have shared the libertarian economic philosophy of the Austrian School, which advocates a strict free market approach to an economy they portray in terms of individual choices and agreements rather than systemic forces. With respect to the Federal Reserve System in particular, they have argued against its fractional reserve banking, and its manipulation of interest rates to control economic ups and downs.
http://www.religiondispatches.org/a...fed’:_behind_palin’s_dig_at_‘unbiblical’_fed/