It was interesting to see Paul thrown onto the defensive and get steered into making statements that were not quite true. He was clearly flustered in the Gregg debate. But he still made many valid points of his own and I still believe his ideology is correct. He could do better in those situations though.

It was interesting to see Paul thrown onto the defensive and get steered into making statements that were not quite true. He was clearly flustered in the Gregg debate. But he still made many valid points of his own and I still believe his ideology is correct. He could do better in those situations though.

This man appears to me to dislike the Fed and their practices but ultimately sees them as a beast that needs collared and not simply put down, why? As he states, "no one wants the kind of old inflation like we had in the 1970's" he assumes that we believe that "some" kind of inflation is acceptable and necessary and that the Fed is the one worthy to inflict this on the american people.

I would much rather have no inflation. It is only a backward tax on our lives and livelihoods when we have to get a raise of so much percent each year just to keep up.

But I do have to say that Mishkin is on point and quite harsh on Ron Paul's bill as reckless and "being" ad hoc. I would have to say that congressman Paul sees this and takes the information seriously. I think as much as Ron Paul truly wants to see the end of the Fed, he wants it done with the least harm to the american people.

As citizens we need to understand that this bill will be a very important piece of legislation, and we cannot allow big business and the fed itself to spend money to buy this situation. They can do this by purchasing time with media to further their image of keepers of the peoples interest when their hands are all over the economy and it's present issues which they are already doing. Another route they may take is to alter the bill by watering it down or twist it to actually give them much more power, you have to be careful when they are the ones usually running the shell game.

When Mishkin says "but to audit the federal reserve at this particular time, that could be disastrous" This is where he doesn't understand who we think caused this tremendously costly financial disaster.

I want to send him a T-shirt.

I don't think Mishkin was bought off, but the next guy? You tell me.

His best point is when he talks about how if we get rid of the federal reserve note, we may have a bit of a calamity. This is true. Which is why Congressman Paul's reply was important about taking away the legal tender from the dollar and allowing other currencies to flourish. Unless of course we want to base it on a commodity as Paul explains with his "basket" idea.

/Coolhand

This man appears to me to dislike the Fed and their practices but ultimately sees them as a beast that needs collared and not simply put down, why? As he states, "no one wants the kind of old inflation like we had in the 1970's" he assumes that we believe that "some" kind of inflation is acceptable and necessary and that the Fed is the one worthy to inflict this on the american people.

I would much rather have no inflation. It is only a backward tax on our lives and livelihoods when we have to get a raise of so much percent each year just to keep up.

But I do have to say that Mishkin is on point and quite harsh on Ron Paul's bill as reckless and "being" ad hoc. I would have to say that congressman Paul sees this and takes the information seriously. I think as much as Ron Paul truly wants to see the end of the Fed, he wants it done with the least harm to the american people.

As citizens we need to understand that this bill will be a very important piece of legislation, and we cannot allow big business and the fed itself to spend money to buy this situation. They can do this by purchasing time with media to further their image of keepers of the peoples interest when their hands are all over the economy and it's present issues which they are already doing. Another route they may take is to alter the bill by watering it down or twist it to actually give them much more power, you have to be careful when they are the ones usually running the shell game.

When Mishkin says "but to audit the federal reserve at this particular time, that could be disastrous" This is where he doesn't understand who we think caused this tremendously costly financial disaster.

I want to send him a T-shirt.

I don't think Mishkin was bought off, but the next guy? You tell me.

His best point is when he talks about how if we get rid of the federal reserve note, we may have a bit of a calamity. This is true. Which is why Congressman Paul's reply was important about taking away the legal tender from the dollar and allowing other currencies to flourish. Unless of course we want to base it on a commodity as Paul explains with his "basket" idea.

/Coolhand

When I was a child quarters were solid silver. The parents could buy a gallon of gas and a candy bar for me with a silver quarter. At today's silver spot price ($17.46) that is $4.36 cents – I can buy a gallon of premium gas and a couple of candy bars for my kid.
However If I had a paper dollar from then – I could not get 4 gallons of gas and 8 candy bars – I could only get 1/3 of a single gallon of gas…inflation is robbery by the government.

When I was a child quarters were solid silver. The parents could buy a gallon of gas and a candy bar for me with a silver quarter. At today's silver spot price ($17.46) that is $4.36 cents – I can buy a gallon of premium gas and a couple of candy bars for my kid.
However If I had a paper dollar from then – I could not get 4 gallons of gas and 8 candy bars – I could only get 1/3 of a single gallon of gas…inflation is robbery by the government.

Keep in mind that Mishkin was on the Fed Board of Governors 06-08.

While, Benedict Gregg has become a product of DC. His misrepresentation (lies) about the bill and zealous irrational argument, raise questions of what he has to gain. Of course we know he has an unblemished record…right? joe

I love Ron Paul and everything he stands for, but sometimes I think he has difficulty arguing his points live rather than writing stuff down. Too bad Schiff wasn't brought on the show to grill these guys.