The Economist audio interview with Ron Paul

That whole political independence argument is what they've been using since the FED's conception to support it. It's a tired argument and Rothbard shreds it in "The Case Against the FED". These douche's at the Economist would do themselves good to read a book other than "The General Theory"

I can't believe the crap line he adds on at the end. 'The fed keeps inflation low?!?!?' The fed is the CAUSE of inflation. Their ability to print currency backed with only IOUs of near-bankrupt companies is what devalues all the other currency already in circulation. The fed's near-century practice of doing this is what has driven gold from $20.50/oz to nearly $1000/oz.

The only thing the fed does is to keep prices relatively stable by hiding market fluctuations behind a fake currency that they can manipulate. Their cronies know what's going on behind the scenes and can profit on those hidden fluctuations, while joe-average is left in the dark.

But I'm glad they let Ron Paul say his piece. The closing remarks were lame. He just isn't listening. I DONT WANT TO ACCEPT FEDERAL RESERVE NOTES OR CREDIT! Audit the fed or not, end the fed or not, sooner or later I'm going to find a different medium of exchange and anyone offering FRNs isn't going to be able to buy anything I'm selling. The lame excuses trot out by keynesians are never going to change my mind. More and more people are sharing my point of view and when there's enough of us we won't need to buy as many dollars as we currently do. When that happens everyone who hasn't bothered to learn that fiat currency is a fraud will be denied access to a huge chunk of the economy. Then they'll learn.

The Economist is a Keynesian-elitist propaganda rag not worth the fine ink it's printed with....

The economist waited till the end, when RP was gone, before pleading the Fed's case. The Fed's case is stupid. It says congress could threaten it with an audit if it was about to do anything politically unpopular, like raise interest rates. If it has nothing to hide, it should not fear an audit. It is admitting by its own argument it has criminal activity to hide.

BTW, it threatened to raise interest rates when threatened with an audit. It's not too B-R-I-Q-H-T.

I had a feeling this worm would slam Dr. Paul without giving him the opportunity to respond. Ever since The Economist proclaimed the benefits of a weak dollar in 2004, I've steered clear of it.

This guy wasnt listening or interviewing ron he was TRYING to make him look bad. He says the congress likes it when rates r low and threaten the feds w/ the bill when the bubble bursts so they wont raise rates on the downside....HELLO you idiot if you had 2 brain cells to rub together RON doesnt want the feds to touch rates at all. Like this not a "real" audit it just looks like it, it's really a way to keep rates low by use of threat of legislation so we can continue on the way we are now. This guy didnt give a shit what ron was saying or for that matter any of us he obviously like the arangement we have now =(

"This bill is potentially quite dangerous. Every time the fed did something unpopular, like raise interest rates to fight inflation, congress could threaten it with an audit"

How the fuck is an audit 'threatening'? If their books are in order then they've nothing to fear. If they're not in order, then someone needs to step up and reign the Fed in.

Argh! People piss me off sooo much.

The interviewer, uncharacteristic of his employer's namesake, The Economist, clearly has no concept of why inflation happens or the economy.

It's obvious why I quit reading that idiotic periodical.

Lol. At minute 9, RP really sounds like Yoda. "HUUUGGEEE profits is Goldman Sachs reporting, hmm."

“IT IS INCUMBENT ON EVERY GENERATION TO PAY ITS OWN DEBTS AS IT GOES. A PRINCIPLE WHICH IF ACTED ON WOULD SAVE ONE-HALF THE WARS OF THE WORLD.”-THOMA JEFFERSON

Wow, would never expect this from this terrible Keynesian/communist magazine.

Stupid comments at the end. I actually thought the guy was getting it. His final remarks demonstrate his Keynesian brain. Let's make this simple Mr. Economist interviewer guy, you get two choices for currency. One holds its value, the other doesn't. Which one do you want to use for yourself? Also, inflation is the increase in the money supply, not the INCREASE in prices that results. If anyone knows this guy, shake him by the shoulders for me please.

Thomas Jefferson once said, "The natural progress of things is for liberty to yield and government to gain ground."

Well, I guess he called that one.

Could have done with the "opinion" of the interviewer after the interview was over.