Liberty Maven

Once again Ron Paul has been quoted in the Daily Reckoning, an excellent financial newsletter. This is from the November 9th edition available here.

While most went back to their respective papers or news programs and tried to figure out what the mysterious Maestro was REALLY saying, Ron Paul never missed an opportunity to take the former Fed chief on head-to-head.

In one of his more humorous opening statements, at a hearing before the U.S. House of Representatives’ Committee on Financial Services, February 17, 2000, Ron Paul had this to say:

“Good morning, Mr. Greenspan. I understand that you did not take my friendly advice last fall. I thought maybe you should look for other employment, but I see you have kept your job.”

Now the presidential candidate has taken on Big Ben – you didn’t think he was just going to sit on the sidelines, did you?

At yesterday’s Joint Economic Committee hearing, following Bernanke’s testimony, Dr. Paul picked up where he left off with Greenspan…

“It is that not only have we had a subprime market in housing; the whole economic system is subprime,” Paul railed. “We artificially lower interest rates. And it wasn’t under your tenure in office; it’s been going on for 10 years and longer and now we’re bearing the fruits of that policy. 

“How in the world can we expect to solve the problems of inflation, that is, the increase in the supply of money, with more inflation?” he asked Bernanke point-blank.

And then further along a link to the Daily Reckoning’s blog post is also about Ron Paul available here. In it is a call for Ron Paul to be more forceful on the dollar devaluation issue as it pertains to the economy and the ever changing methods the government uses to manipulate the statistics.

it’s time for me to formally offer another round of unsolicited advice to Ron Paul’s presidential campaign:  Start hammering away — hard — on the relentless manipulation of government economic statistics.

Could not agree more.