Debate of the Century: Ron Paul vs. Alan GreenspanSubmitted by Michael Nystrom on Tue, 09/18/2007 - 13:51
Yesterday's 'Value Voter's Debate' was a farce. How about a real debate, in which real issues that affect every real Americans are discussed?
As we all know, former Federal Reserve Chairman is now a private citizen. With the publication of his new book, The Age of Turbulence he has made it clear that he has thrown off his former Fedspeak muzzle and is not afraid of speaking his true mind with crystal clarity.
This being the case, why not have a real, open, duke-it-out debate between Dr. Paul and Dr. Greenspan? Their Congressional exchanges between 1997 - 2005 were some of the most informative and entertaining ever. It was through these exchanges -- sometimes broadcast live on CNBC -- that many people, including myself, came to learn of Dr. Paul for the very first time.
These exchanges, while lively and informative, left many unanswered questions. Clearly, Dr. Greenspan was hamstrung by his official position in what he could say and how much of his true feelings he could reveal. This handicap no longer exists. Of supreme interest to me would be what caused him to change the ideas he held in 1967, when he wrote in the essay 'Gold and Economic Freedom'. In that essay, he states: "...gold and economic freedom are inseparable..." and, "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value..."
Does he still believe this? While serving as Fed chief, he said he did not. He said there was no more need for gold, because the dollar was now "good as gold." But what else could the Chairman of the Federal Reserve say?
Now is his big chance to let us know how he really feels.
As Gus Ganoudis from Florida, who originally suggested this idea writes, "Dr. Paul has spent his entire political career studying the Fed and has been trying to educate the public about this fraudulent, destructive institution for years. Dr. Greenspan has just written a book and obviously misses the spotlight. I don’t think it would be difficult to get him into the ring with Dr. Paul. He’s got books to sell and an ego to be stroked."
Indeed - it would be a win-win-win situation. Gus says, "I have no doubt that Dr. Paul would be the winner. Total annihilation is
more like it." Indeed. However, the biggest winner of all would be the American people, who are in desperate need of an education on how the secretive Federal Reserve controls our monetary system, and by extension, just about everything else in our lives.
This is a debate we all want and need to see. Let's hope that Dr. Paul's campaign challenges Mr. Greenspan to such a debate. There is no doubt that this rematch would go down as the debate of the century.