Liberty MavenRon Paul ROCKS on CNBC Squawk Box
November 13th, 2009 9:26 am | by Marc Gallagher | Published in Activism, Bailouts, Banking, Big Government, Debt, Economics, Federal Reserve, Free Market, Market Regulation, Money, Ron Paul, congress, gold, gold standard, government spending, inflation | 5 Responses
Ron Paul took his anti-Fed, anti-regulatory, pro-transparency message to the CNBC Squawk Box crew today. This is another winning appearance from Ron Paul. He outlines his views fairly well and makes extremely good arguments for his side of the Fed transparency debate.
His appearance was so positive that they end up telling him that he should come on the show as a special guest (as they have from time to time) for the full 2 hours of the show. Paul makes a joke in response. Check it out below.
November 13th, 2009 at 3:37 pm (#)
Good Stuff Shelly Thanks!!!
November 13th, 2009 at 10:38 pm (#)
I found his comeback on the abolition of FDIC insurance to be weak. He didn't make the point that when the federal government is in the insurance business it isn't motivated to charge sufficient rates to maintain an adequate reserve and that even with private insurance the insurance companies could fail (still not as bad a situation as the current FDIC which says it is insolvent and the taxpayers will be asked to bail it out). He mentioned bimetallism but why advocate for commodity backing when we don't even have any backing right now.
I am amazed that there isn't more talk of gold being at $1,116 today having started at $734 per ounce a year ago. I wonder when they will be asking other elected officials about a gold standard.
November 13th, 2009 at 10:38 pm (#)
I found his comeback on the abolition of FDIC insurance to be weak. He didn't make the point that when the federal government is in the insurance business it isn't motivated to charge sufficient rates to maintain an adequate reserve and that even with private insurance the insurance companies could fail (still not as bad a situation as the current FDIC which says it is insolvent and the taxpayers will be asked to bail it out). He mentioned bimetallism but why advocate for commodity backing when we don't even have any backing right now.
I am amazed that there isn't more talk of gold being at $1,116 today having started at $734 per ounce a year ago. I wonder when they will be asking other elected officials about a gold standard.
November 16th, 2009 at 6:35 pm (#)
You'll never hear Obama discuss the economy with such fluidity and intelligence.
November 16th, 2009 at 6:35 pm (#)
You'll never hear Obama discuss the economy with such fluidity and intelligence.