Nathan Key

Husband, Father, Thinker.

 

 
 

Last year, during his bid for the Presidency, Congressman Paul clearly warned us that the current economic mess we're in was just on the horizon. He told us that our economic policy would fail and that we'd be paying the price for engaging in so much debt. From what I've seen in the video below, it looks like Fred Thompson is borrowing from the Ron Paul playbook.

This video would have been a whole lot funnier to me if Thompson and the other Republican candidates during the election cycle hadn't spent the entire primary mocking Congressman Paul's insightful theories and policies on financial responsibility. But instead of truly thinking through the issues of monetary policy, they laughed him off and continued their rhetoric about the war in Iraq and the safety of Americans in an age of terrorism.

These days, no one really talks about terrorism because as it turns out,  it's not the only threat to our health and safety. Our current economic state has the news and Congress so caught up in matters of monetary policy and the Federal Reserve System that everything else seems pretty tame in comparison.

Unfortunately, since Thompson and the others don't have quite the handle that Paul does on economic matters, we're only going to see this kind of thing from them when they speak about it. They won't give us any really useful hints on what we can do to fix it- just a tongue and cheek deconstruction of the policies that are already in place.

Makes me wish we could have a "do-over" in Primary Season. Even if Paul didn't make it to the White House, perhaps his perspective would have been adopted a lot earlier instead of mocked.

 


Comments

Anonymous

Fri, 23 Jan 2009 07:52:05

Spending our way out of this situation is an EXTREMELY viable solution. If you hoard money than the only thing you pay on it is taxes once a year. Very meager taxes at that. If you continue to live your life like a normal person because lets face it, most of us are having little to no issues, the economy will bounce back.

For the most part this is a nation of complainers. Gas is now only 40 cents more expensive than it was 5 years ago. The problem is that a lot of really uneducated people are attempting to create solutions to problems that don't exist. Yes, we are in a recession. OH NO! We have been worse off 2 other times in the last 20 years.

Congressman Paul has a very sharp economic mind but there were 100's of people who predicted this.

Spending money keeps America running. It is the only incentive that exists for anyone to do anything. It sad but its true. If people continue to hoard money out of fear Giants will continue to tumble and this country in for an era of food lines and tax riots. The poor will have to contribute as much as the rich and the middle class will continue to complain about everything. Thats all they're good for anyways.

Have you ever heard of a Middle class activist? No, they are comfortable enough to where they don't have to do anything. The rich want to stay rich and the poor want to stay alive. The Middle class want to know what dress to wear out on Saturday night.

From,

B.A. Economics (Vanderbilt), MBA (Columbia), JD (In progress, Wake Forest)

 

Nathan

Fri, 23 Jan 2009 08:07:05

Spending money we have, wisely, is a great idea to be sure.

But what being suggested right now is basically the same as telling a family floundering in debt that their best plan is to take out another loan or apply for another credit card.

You can only keep a debt-based economy afloat for so long before the whole thing comes crashing down on you.

Hording, as you call it, isn't the answer- but neither is spending ourselves into oblivion. Eventually, no matter if you're rich or poor, an individual or a nation, the power gets turned off if you can't pay your bills...

 



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