In spite of Bloomberg’s insistence to include several ads with their videos, this interview of our hero (and friend of the blog), James Grant, is worth a look:
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
“…banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson to John Taylor, 1816
And now we know why. The problem with Ron Paul is that correct though he is in attacking the bankers who run the Fed, he unable to say so in one paragraph.
It’s not so easy to explain Keynesian economics and fractional reserve banking in a single paragraph. I think his slogan “END THE FED” is pretty succinct.
True enough. But I’ve watched him on C-SPAN in committee hearings, with Bernanke on the carpet, and the Chairman enforcing a five minute time limit. Many times, Rep. Paul wastes most of his alloted time, politely laying out background, followed by Helicopter Ben dodging around the issue. Very frustrating.
It’s time for the Congress to stop deferring to the bankers, because we are the victims of the banking bandits. One look at real estate values or 401K account balances should be all the proof that anyone needs.
Yeah, I hear you. I think Ron Paul talks in a more intelligent manner than most other politicians today and it escapes the attention span (goes over the head of) a lot of people. He seems to more often “reach out” to those who already get the message, rather than those who don’t. Not the optimal approach IMHO.
He’s more Barry Goldwater than Ronald Reagan. The Reagan revolution owes its roots to being developed in the Goldwater revolution, however. Ron Paul won’t ever really go as far as many would like him to go at this moment in time. His true impact on society probably won’t crescendo until many years from now.
James Grant a year ago in WSJ:
“As if they really knew, leading economists predict that recovery from our Great Recession will be plodding, gray and jobless. But they don’t know, and can’t. The future is unfathomable.
“Not famously a glass half-full kind of fellow, I am about to propose that the recovery will be a bit of a barn burner…”
http://online.wsj.com/article/SB10001424052970204518504574420811475582956.html
riiiight.
I take exception to his bagging on Elizabeth Warren, fwiw.
I take exception to his bagging on Elizabeth Warren, fwiw.
chrisanthemama | October 3rd, 2010 at 11:39 am
—————-
Ditto. If Elizabeth Warren were in charge ten years ago, we probably would have never seen a “foreclosure crisis” (wouldn’t have seen the inflationary bubble, either).
It’s a shame that the “experts” always try to denigrate those who are trying to honestly and correctly fix this mess.
“Ditto. If Elizabeth Warren were in charge ten years ago, we probably would have never seen a “foreclosure crisis” (wouldn’t have seen the inflationary bubble, either).”
But this illustrates his point. It’s not to “bag on” or “denigrate” her as a person, but to point out that she NEVER WOULD HAVE BEEN PUT IN CHARGE 10 years ago… ie, that this is all an exercise in closing the barn door long after the horses have fled.