StubbornFacts
Stubborn Facts
Stubborn Facts

Navigation

User login

Subscribe via RSS

Resources

Blog Roll

"This is a proposal that deserves serious consideration, even from people who may not like its source."

Submitted by Simon on Sat, 07/02/2011 - 10:11am

TNR likes Ron Paul's proposal for the Fed to burn $1.6tn of bonds. Not as crazy an idea as it first appears.

Ron Paul is in a weird no

Ron Paul is in a weird no man's land here. I don't really understand how he can be such a strong advocate for auditing and even getting rid of the Fed in the name of getting rid of inflation by re-staking the dollar to the gold standard and advocate such a policy that will be a future inflation driver. Taking getting rid of the Fed and going back to the gold standard out of the equation, I can see some good logic in doing this. It is inflationary but does take a good chunk out of the current debt in a bit of accounting magic. I don't know how the currency markets would react to this. I think that is the big unknown.

Yeah, the source for this idea makes zero sense but it seems to be worth further investigation.

Recent comments

Advertisements
StubbornFacts.us does not endorse the content of any advertisement

Featured Movie

Syndicate

Syndicate content

Who's online

There are currently 0 users and 2 guests online.