Comments on: Ron Paul: Greenspan is Responsible http://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/ Ron Paul is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies. The Ron Paul Revolution continues. Mon, 22 Mar 2010 13:54:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: philhttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14550 phil Sat, 28 Feb 2009 00:53:22 +0000 http://www.ronpaul.com/?p=1172#comment-14550 All economics are manipulated and that is nothing new.In mediaeval England the King did it. He saw a boom in glove making so then realized that the hat industry needed a boost.he was no doubt involved with rich people from that industry so he therefore made a law that required everone to wear a hat in public. Obvious response, the hat industry took of like a good un creating wealth and jobs. This was a clever idea for the times and showed that manipulation can be used to produce economic benefits.We need a modern version of this without treading on individual freedoms.Our challenge is to think outside the box with radical ideas that still preserve freedom.I'm sure it can be done as mankinds history is littered with ingenious solutions to any problem thrown at us.The common man's challenge is to forgoe entrenched and unalterable beliefs (party politics and, dare I say it-religious dogma) and broaden the mind thus enabling the seemingly impossible possible. WE are such a brilliant invention (by god or whoever) that we squander this potential on riddiculous sqabbling over petty, moronic differences. Regards, Phil from the UK, a USA potential greatness supporter. All economics are manipulated and that is nothing new.In mediaeval England the King did it. He saw a boom in glove making so then realized that the hat industry needed a boost.he was no doubt involved with rich people from that industry so he therefore made a law that required everone to wear a hat in public. Obvious response, the hat industry took of like a good un creating wealth and jobs. This was a clever idea for the times and showed that manipulation can be used to produce economic benefits.We need a modern version of this without treading on individual freedoms.Our challenge is to think outside the box with radical ideas that still preserve freedom.I’m sure it can be done as mankinds history is littered with ingenious solutions to any problem thrown at us.The common man’s challenge is to forgoe entrenched and unalterable beliefs (party politics and, dare I say it-religious dogma) and broaden the mind thus enabling the seemingly impossible possible. WE are such a brilliant invention (by god or whoever) that we squander this potential on riddiculous sqabbling over petty, moronic differences.
Regards, Phil from the UK, a USA potential greatness supporter.

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]]> By: Replying to the Economic Geniushttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14298 Replying to the Economic Genius Mon, 23 Feb 2009 21:17:17 +0000 http://www.ronpaul.com/?p=1172#comment-14298 You don't have to be an economics major to have a good understanding of economics but you do have to spend time reading and listening to different viewpoints and economic theories to make your own judgments. Also their are plenty of economists that are for ending the fed and you haven't heard about it because the Kaynesian viewpoint is so dominant in mainstream. You don’t have to be an economics major to have a good understanding of economics but you do have to spend time reading and listening to different viewpoints and economic theories to make your own judgments. Also their are plenty of economists that are for ending the fed and you haven’t heard about it because the Kaynesian viewpoint is so dominant in mainstream.

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]]> By: Natehttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14295 Nate Mon, 23 Feb 2009 20:23:04 +0000 http://www.ronpaul.com/?p=1172#comment-14295 What are you talking about with this: "Quit taking over other people’s websites and let someone else have a chance to express an opinion". Is someone not allowing you to post? I doubt it. You are free to give your opinions. Have at it.The reason people are speaking mainly of Greenspan and not Bernanke is because the topic being discussed is "Greenspan is Responsible".Also, you won't find much sympathy for credentials here. Especially for economics. If a math major told me 4 + 4 = 127 I would have no trouble confidently dismissing his nonsense. There is no reason to accept the words of credentialed "experts" if their views don't hold up to scruitny. What are you talking about with this: “Quit taking over other people’s websites and let someone else have a chance to express an opinion”. Is someone not allowing you to post? I doubt it. You are free to give your opinions. Have at it.

The reason people are speaking mainly of Greenspan and not Bernanke is because the topic being discussed is “Greenspan is Responsible”.

Also, you won’t find much sympathy for credentials here. Especially for economics. If a math major told me 4 + 4 = 127 I would have no trouble confidently dismissing his nonsense. There is no reason to accept the words of credentialed “experts” if their views don’t hold up to scruitny.

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]]> By: Missyhttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14292 Missy Mon, 23 Feb 2009 18:52:42 +0000 http://www.ronpaul.com/?p=1172#comment-14292 No one has mentioned yet that the Fed is run by Ben Bernanke now, not Alan Greenspan. And no one wants to listen to you argue. I am a MS Finance/MA Economics major and I never heard of the campaign to end the Fed, so when I saw a bumper sticker and Ron Paul's name, I thought I would look into it. Now all I see is two people arguing and no enlightnment, and I already have plenty of cause to be critical of Ron Paul. By the way, neither of you have metioned your credentials or why anyone should care about your opinion. Quit taking over other people's websites and let someone else have a chance to express an opinion. And BTW, what I have read here doesn't further Ron Paul at all. No one has mentioned yet that the Fed is run by Ben Bernanke now, not Alan Greenspan. And no one wants to listen to you argue. I am a MS Finance/MA Economics major and I never heard of the campaign to end the Fed, so when I saw a bumper sticker and Ron Paul’s name, I thought I would look into it. Now all I see is two people arguing and no enlightnment, and I already have plenty of cause to be critical of Ron Paul. By the way, neither of you have metioned your credentials or why anyone should care about your opinion. Quit taking over other people’s websites and let someone else have a chance to express an opinion. And BTW, what I have read here doesn’t further Ron Paul at all.

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]]> By: Correcting the Confusedhttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14274 Correcting the Confused Mon, 23 Feb 2009 05:24:11 +0000 http://www.ronpaul.com/?p=1172#comment-14274 You trying to say the free market has been able to fully operate??? The existence of artificially low interest rates which would not be set by the free market is an interference in the free market. You trying to say the free market has been able to fully operate??? The existence of artificially low interest rates which would not be set by the free market is an interference in the free market.

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]]> By: Natehttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14260 Nate Sun, 22 Feb 2009 21:44:02 +0000 http://www.ronpaul.com/?p=1172#comment-14260 First of all, it is not my "little analogy" it is Peter Schiff's. All that post was meant to do was demonstrate that Shiff (as all Austrian economists do) identifies the Fed/gov as the main culprit for the business cycles because they manipulate and artificially lower the interest rate. First of all, it is not my “little analogy” it is Peter Schiff’s. All that post was meant to do was demonstrate that Shiff (as all Austrian economists do) identifies the Fed/gov as the main culprit for the business cycles because they manipulate and artificially lower the interest rate.

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]]> By: Seanhttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14250 Sean Sun, 22 Feb 2009 16:54:25 +0000 http://www.ronpaul.com/?p=1172#comment-14250 There has been and would be more wars without exchange rates, or a way to accomindate trade.. And you your little ananalogy doesn't consider the fact we are dependent on these things. We were dependent on oil before we even started importing it.. Are you trying to say that we should end the fed so we can stop buying oil overseas and let the economy and our country crash? There has been and would be more wars without exchange rates, or a way to accomindate trade.. And you your little ananalogy doesn’t consider the fact we are dependent on these things. We were dependent on oil before we even started importing it.. Are you trying to say that we should end the fed so we can stop buying oil overseas and let the economy and our country crash?

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]]> By: Seanhttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14248 Sean Sun, 22 Feb 2009 16:44:31 +0000 http://www.ronpaul.com/?p=1172#comment-14248 good question. this is why i've been trying to tell people.. The value of the dollar has lots of factors. It just doesn't lose value when we print more money, it loses value when we create more money than the people demand. The value of all goods along with money work on a supply and demand basis. right now there are alot of unemployed workers so we demand more money making it deflate, or become more valuable.. The problem was subrime lending and the fluctuation of interest rates. Banks were loaning people money for mortgages who had bad credit scores and gave them more than they could afford with unfixed interest rates, so when people had to renegotiate their contracts, they couldn't afford the new rates.. It doesn't matter if interest rates are low now because banks wont subprime lend anymore. They will make sure that anyone purchasing unfixed mortgages can afford future interest obligations. good question. this is why i’ve been trying to tell people.. The value of the dollar has lots of factors. It just doesn’t lose value when we print more money, it loses value when we create more money than the people demand. The value of all goods along with money work on a supply and demand basis. right now there are alot of unemployed workers so we demand more money making it deflate, or become more valuable.. The problem was subrime lending and the fluctuation of interest rates. Banks were loaning people money for mortgages who had bad credit scores and gave them more than they could afford with unfixed interest rates, so when people had to renegotiate their contracts, they couldn’t afford the new rates.. It doesn’t matter if interest rates are low now because banks wont subprime lend anymore. They will make sure that anyone purchasing unfixed mortgages can afford future interest obligations.

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]]> By: Matthew Ostenhttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14217 Matthew Osten Sun, 22 Feb 2009 01:20:55 +0000 http://www.ronpaul.com/?p=1172#comment-14217 Please help me understand the different respone in the 1% central bank rates between 5 years ago and now?Why was easy money the culprit, when it is now even more everpresent, though we are in a wicked deflationary enviornonment?If it is purely the interest rate that caused what could be considered as a simple portion of a business cycle, or as you may prefer, the popping of a bubble, and we have an even lower interest rate now, why isn't the same occurring?Maybe the free markets were aided and abetted by the people, the government, and not subsidized simply by cheap money.Listen to Volckers last speech before Columbia, if you ever stray from the Nate/Sean playpen or the Schiff/Paul radio station. Please help me understand the different respone in the 1% central bank rates between 5 years ago and now?

Why was easy money the culprit, when it is now even more everpresent, though we are in a wicked deflationary enviornonment?

If it is purely the interest rate that caused what could be considered as a simple portion of a business cycle, or as you may prefer, the popping of a bubble, and we have an even lower interest rate now, why isn’t the same occurring?

Maybe the free markets were aided and abetted by the people, the government, and not subsidized simply by cheap money.

Listen to Volckers last speech before Columbia, if you ever stray from the Nate/Sean playpen or the Schiff/Paul radio station.

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]]> By: Natehttp://www.ronpaul.com/2009-02-19/ron-paul-greenspan-is-responsible/comment-page-1/#comment-14212 Nate Sat, 21 Feb 2009 20:08:51 +0000 http://www.ronpaul.com/?p=1172#comment-14212 Exactly wrong about free trade and central banks. How the hell is trade supposed to be FREE when Central banks are CONTROLLING the exchange rates?All that needs to be done is to set a standard of weights and measurements. Just like the founders mandated in the constitution. Exactly wrong about free trade and central banks. How the hell is trade supposed to be FREE when Central banks are CONTROLLING the exchange rates?

All that needs to be done is to set a standard of weights and measurements. Just like the founders mandated in the constitution.

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