Time Critique of Ron Paul's End the Fed

that follow this article to the comments of most articles back in the early days of the campaign. Back then they were mostly foul language, poor grammar, yelling. Now they show what an intelligent and thoughtful following that Ron Paul has accumulated. I've noticed this over time, and it's a very good thing.

his comment about the ups and downs of the business cycle, recessions and so forth is totally wrong. it makes me believe he didn't even read the book. ron paul points out in the book, as he always does that in the market before the fed's existence that there were recessions that lasted for a year or two, but not huge booms and busts created by the fed and exploded in the market.

right, i won't be surprised if he says "i even saw this mortgage crisis coming" next.

Are we supposed to take seriously a magazine that made Ben Bernanke person of the year?

How does the rest of it go? Oh yeah.

"...and then you win."

Everybody here knows the rest. Two years after being almost completely dismissed by MSM in the presidential campaign, ideas that RP advocates are becoming the topic of a true national debate.

It smells like victory.

Election season must be around the corner ;-)

So, since Dr. Paul's pagloss-deslusion precludes an understanding that depraved human nature will lead to many competing banks cheating, we must have one great cheating, counterfeiting bank supplying the biggest global parasite with entitlement bribes for depraved voters and ammunition for bloodthirsty war-mongers.

OK, I see!

What a despicable, wicked scum. Words fail to express my disgust and contempt for this, human? He pretends to agree only to discredit with the filthy rag that praises Bernanke.

Mr. Fox read "End the Fed" in 3 hours, clearly at the expense of comprehension. The excellent comments left for him should help clear up his hasty judgments and misunderstandings and/or expose his readers to his obvious agenda and buffoonery.

Well done those who commented!

Apparently Justin Fox has never read the Austrian Theory of the Business Cycle.

the argument against deflation goes again? Sorry I have been stuck dreaming of the days when prices went down instead of up for so long I forgot what the horrors of deflation were.

Why is it so hard for people to be consistent. I wouldn't doubt the author of this piece has another article around about the wonders of medicare for all because prices are going up too fast in health care. And I am betting he has made comment on how fast prices drop in technology (with out much thought on his part). Its weird to me that people can't see the nature of things is for their price to actually go down, not up. But propagandized to believe there is a shortage of everything...including real estate.

article will further Mr. Fox's economic education.

he made some incredibly slanderous claims about Ron Paul's character simply because he disagrees with his points.

Yeah, we'll be at the whim of the mining industry. As though gold were as easy to come by as paper. Please.

Look, this can be thought of very simply. There are two basic options here:

1. We have a monetary system where the government can devalue our cash and assets in pursuit of its own purposes whenever it wishes, OR....

2. Not.

I can't think of any arguments for the former except that it's the status quo and might be difficult to change. Boo hoo, I don't buy it. Clearly, the latter is worth fighting for....no matter who TIME tells us is man of the year.

Justin Fox worked at the American Banker (www.americanbanker.com) and he was educated at Princeton. It's hard to be objective if all you've been taught is the opposite of what Ron's book is about.

His critique is rather lacking suggesting some of Ron's arguments are true but his solutions would have no effect -- completely dismissing the Fed's role in both the Great Depression (which they admitted they caused) and the current financial crisis.

Justin Fox seems like your standard hack financial writer, calling Jim Grant's book "cranky" and Ron Paul delusional. I guess he thinks he's smarter than people like Jim Grant and Jim Rogers.

It's nice when financial writers dismiss those who predicted the crisis, not thinking how stupid it makes them look when they were blind sided by it.

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