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Please explain Ron Pauls monetary policy

Submitted by Divsterfy on Fri, 05/04/2012 - 19:07
in

Simply, please. I never completely understood it.


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Simply

Submitted by VR on Fri, 05/04/2012 - 20:05.

a free market in currency.

No monopolies.

Joη's picture

"Energy is neither created nor destroyed, it only changes form"

Submitted by Joη on Fri, 05/04/2012 - 20:01.

Technically that's the 2nd law of thermodynamics & a fundamental principle of nature, but it's essentially the same.

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Simply Put?

Submitted by mywindow on Fri, 05/04/2012 - 19:52.

Competition Rules!
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On a practical level think: Cash, Credit, Certificate, Gold or Silver as payment options.
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Bottom Line: What is wealth? (Savings and/or Capital) OR (Credit and/or Debt)?

Easy..

Submitted by rp4pres on Fri, 05/04/2012 - 19:38.

Stop the overblown spending and be more responsible.

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What aspect are you looking for?

Submitted by blounttruth on Fri, 05/04/2012 - 19:36.

Your question is a far reaching, what exactly do you wish to know?

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Think about it like this

Submitted by HuskerSkier on Fri, 05/04/2012 - 19:32.

Money is a good or service, just like anything else. It's function is to serve as a medium of exchange so you don't have to trade your whickets (or whatever you produce) directly for food, housing, ect.

Currently there is a monopoly on money. Only the fed can produce money. Since they don't have anyone competing with them nothing is really stoping them from putting out a low quality product (which they are doing).

What Ron Paul is suggesting is that we get rid of the monopoly. If people want to use Federal Reserve Notes, like they are forced to now, they can. But if they want to use gold or silver, like the constitution says, you can. Right now there are legal tender laws and capital gains taxes which penalize gold and silver. That way if the fed debases the currency, people have the option to choose to use something else. If people decide they want money that holds value, so that they can put it in their pocket and in a year it won't be worth 8% or 9% less when they spend it, they have that option. Right now they don't. Right now they are forced to lose purchasing power too the Fed and its benificiaries (wall st/politicians whom are debasing the currency)

??

Submitted by MudClock on Fri, 05/04/2012 - 19:29.

You really need it explained? Ron doesn't do a good enough job?

I'll try to simplify it for you:
Eliminating the monopoly of monetary policy by the secretive Federal Reserve, and bringing it back to the people. He believes market forces (ie. supply and demand, controlled by the people) should control the system. And not politicians, bureaucrats or shadowy organizations.

Nobody?

Submitted by Divsterfy on Fri, 05/04/2012 - 19:14.

Nobody?

—

"Believe half of what you see, and none of what you hear." - Benjamin Franklin

There is an internet full of information on

Submitted by c2c on Fri, 05/04/2012 - 20:43.

what Dr. Paul's monetary policy is, as well as his own books. Perhaps you could show a little initiative and do the research yourself instead of expecting others to provide it for you. For heaven's sake, man, it's not that hard.