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(The Atlantic) Obvious Ben Bernanke vs. Ron Paul: "I see a really, really smart economist responding to Ron Paul the same way you react to Cousin Mildred when she corners you after Christmas dinner to complain about the flouridation of the water supply"   (meganmcardle.theatlantic.com) divider line 236
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skabbo 2007-12-20 12:00:55 PM  
I'm guessing Cousin Mildred first became aware of it during the physical act of love.

 
DrJesusPhD [TotalFark] 2007-12-20 12:20:24 PM  
What Congressman Dr. Paul is saying doesn't make any particular sense; American consumers are not particularly suffering because of the decline of the dollar

ORLY?

 
Code_Archeologist [TotalFark] 2007-12-20 12:25:06 PM  
DrJesusPhD: ORLY?

I'm not... but then again I moved most of my investments off-shore shortly after Dubya took office.

 
palladiate [TotalFark] 2007-12-20 12:27:26 PM  
skabbo: I'm guessing Cousin Mildred first became aware of it during the physical act of love.

Fortunately, she interpreted the profound feelings of fatigue and emptiness correctly.

 
Nabb1 [TotalFark] 2007-12-20 12:29:46 PM  
What Congressman Dr. Paul is saying doesn't make any particular sense; American consumers are not particularly suffering because of the decline of the dollar

Try traveling out of the country once in a while, honey. That buck-fifty a Euro rate a couple of months ago was rather painful.

 
ShawnDoc [TotalFark] 2007-12-20 12:45:50 PM  
Overseas travel has become ridiculously expensive. Even in "third world" countries the dollar doesn't go as far as it once did. And the falling dollar will drive up the cost of imports, and almost everything we buy right now is imported. China just recently shifted how they peg their currency to other currencies, shifting away from the $ which will drive up Chinese made good even more.

Lucky for us, the Chinese mfgs so far have been eating the losses caused by the falling dollar. But eventually you run out of corners to cut and the costs will go up.

 
Chuck Wagon 2007-12-20 01:34:32 PM  
palladiate: skabbo: I'm guessing Cousin Mildred first became aware of it during the physical act of love.

Fortunately, she interpreted the profound feelings of fatigue and emptiness correctly.


i193.photobucket.com

 
Crosshair [TotalFark] 2007-12-20 01:36:56 PM  
Yea, cause Debasing the currency like we are doing right now is such a great thing to do. Ron Paul's ideas of living within ones means, sound currency, and cutting government waste are just silly ideas.

/RP supporter

 
Obdicut [TotalFark] 2007-12-20 01:42:39 PM  
Yeah, but our exports are selling like hotcakes. It does make outsourcing more expensive.

And it means we get more tourism dollars.

Hey, could it be the currency fluctuations are actually a good proof of inherent "invisible hand" corrections in the market?

 
Jaykzo 2007-12-20 02:02:05 PM  
This article is pathetic.

 
revskippy 2007-12-20 02:13:13 PM  
Crosshair: Yea, cause Debasing the currency like we are doing right now is such a great thing to do. Ron Paul's ideas of living within ones means, sound currency, and cutting government waste are just silly ideas.

/RP supporter


this.

 
soze [TotalFark] 2007-12-20 02:22:15 PM  
I'm here to giggle at all the little Paulistinians.

 
Chuck Wagon 2007-12-20 02:31:55 PM  
soze: I'm here to giggle at all the little Paulistinians.

I always picture them much like Steve Holt from the show Arrested Development. At random times they just pump their fists in the air and yell 'Ron Paul'.

 
Ryan2065 2007-12-20 02:38:52 PM  
Nabb1: What Congressman Dr. Paul is saying doesn't make any particular sense; American consumers are not particularly suffering because of the decline of the dollar

Try traveling out of the country once in a while, honey. That buck-fifty a Euro rate a couple of months ago was rather painful.


I think you and the economist have different definitions of American consumers... Usually they only count people contributing to the American economy.

 
DarnoKonrad 2007-12-20 02:53:21 PM  
Chuck Wagon: palladiate: skabbo: I'm guessing Cousin Mildred first became aware of it during the physical act of love.

Fortunately, she interpreted the profound feelings of fatigue and emptiness correctly.


I don't avoid cousin Mildred, but I do deny her my essence.

 
MEGAMERICAN 2007-12-20 02:57:11 PM  
So we're supposed to believe some blogger over a person who has published books on economics and multiple Nobel Laureates? She is completely ignorant as to why commodities are rising. Oil, gold, etc have been rising in price because the dollar is being devalued. Oil hasn't changed much in price in Europe in the past few years.

This is just one of many hit pieces against Ron Paul. Most people don't buy the BS anymore.

/she has no idea, no idea!

 
21-7-b 2007-12-20 03:00:31 PM  
MEGAMERICAN

This is just one of many hit pieces against Ron Paul. Most people don't buy the BS anymore.

there's obviously an anti-RP conspiacy. but why is it? are they scared?

 
NewportBarGuy [TotalFark] 2007-12-20 03:01:11 PM  
img225.imageshack.us


Steve Holt!

 
Philip J. Fry [TotalFark] 2007-12-20 03:02:14 PM  
Obdicut: Yeah, but our exports are selling like hotcakes. It does make outsourcing more expensive.

Increasing exports by a weakened dollar only transfers wealth to other nations. The only benefit to selling something while the dollar is weak is a short term boost in sales. The parts from China cost more and therefore the next production run requires a hire selling price in real dollars to compensate.

 
keithgabryelski [TotalFark] 2007-12-20 03:02:14 PM  
Crosshair: Yea, cause Debasing the currency like we are doing right now is such a great thing to do.


ummmm... "Debasing the currency" -- please explain -- cite references, please.


Ron Paul's ideas of living within ones means,


Did see an argument against that.

sound currency

You'll need to define that a little better, please.

and cutting government waste are just silly ideas.

Who is not for cutting government waste?

 
keithgabryelski [TotalFark] 2007-12-20 03:03:32 PM  
soze: I'm here to giggle at all the little Paulistinians Paul Bearers.

/not mine

 
KrispyKringle 2007-12-20 03:03:53 PM  
MEGAMERICAN: Oil hasn't changed much in price in Europe in the past few years.

Really?

Price of oil, 2005-2005.

EUR vs. USD, 2005-2007.

As you can see, the EUR gained less than 9%. In comparison, the price of oil (in USD) gained over 45%.

 
GoodyearPimp 2007-12-20 03:04:18 PM  
Gentlemen, you can't fight in here! This is the War Room!

 
KrispyKringle 2007-12-20 03:06:17 PM  
Philip J. Fry: Increasing exports by a weakened dollar only transfers wealth to other nations.

Wealth measured in what? Nominal value? It doesn't "transfer wealth;" it simply means that the American economy's buying power when buying imports is diminished (weakened currency) while foreigners' buying power is increased.

Thus the payment we receive for goods we export buys fewer imports. But it doesn't mean we're "exporting wealth;" when we increase our exports, we're actually doing the opposite (assuming we're selling things above their cost of production).

This is how, in classic macro-economics, a trade deficit is corrected for by changes in the value of the currencies. There's nothing wrong with increasing our exports.

 
KrispyKringle 2007-12-20 03:07:30 PM  
Crosshair: Ron Paul's ideas of living within ones means, sound currency, and cutting government waste are just silly ideas.

No, his idea that full-reserve gold-backed currency is a good idea is silly.

 
Jonny Wilkinson 2007-12-20 03:08:55 PM  
Philip J. Fry:
Increasing exports by a weakened dollar only transfers wealth to other nations. The only benefit to selling something while the dollar is weak is a short term boost in sales. The parts from China cost more and therefore the next production run requires a hire selling price in real dollars to compensate.


No. It transfers wealth to the U.S. THE USA is selling THEY are buying. It is a lot like when I go to the grocery store to buy food. I am transfering my wealth to the grocery store, not the other way around.

 
Ryan2065 2007-12-20 03:08:55 PM  
KrispyKringle: This is how, in classic macro-economics, a trade deficit is corrected for by changes in the value of the currencies. There's nothing wrong with increasing our exports.

Come on, bringing macro economics into a political thread? You should know better.

 
Uncoolest 2007-12-20 03:10:01 PM  
21-7-b: MEGAMERICAN

This is just one of many hit pieces against Ron Paul. Most people don't buy the BS anymore.

there's obviously an anti-RP conspiacy. but why is it? are they scared?


I don't see a conspiracy, I think it is simply the fact that Ron Paul is different with different ideas. Most candidates are pretty similar and have similar views. By standing out and stating what he believes in Ron Paul is a magnet for the derision of the segment of society that is heavily socialized.

/But that is just my personal opinion.

 
21-7-b 2007-12-20 03:12:02 PM  
Uncoolest

he is different. i've picked up on that. who do you think he scares most: liberals or conservatives?

 
tallguywithglasseson [TotalFark] 2007-12-20 03:13:56 PM  
21-7-b: there's obviously an anti-RP conspiacy. but why is it? are they scared?

These are the same people hiding all the modern bustling economies that have no central bank, use the gold standard and have decentralized private currencies.

 
NewportBarGuy [TotalFark] 2007-12-20 03:14:16 PM  
img215.imageshack.us



"Well, I've been to one world fair, a picnic, and a rodeo, and that's the stupidest thing I ever heard come over a set of earphones. You sure you got today's codes?"

 
kartofelkopf 2007-12-20 03:15:54 PM  
Who is not for cutting government waste?

Anyone who benefits from the waste. No-bid contracts are a form of waste, and the people opposed to eliminating them... are the people benefiting from them. Corporate welfare (giving corporations like McDonalds money/tax breaks to 'help them compete overseas') is another example. Ethanol subsidies. Earmarks. Etc...

I think Ron Paul would argue that the Dept. of Education is another example of government waste. To claim that 'all politicians are opposed to government waste' is a simplistic way of looking at the situation.

 
MindStalker 2007-12-20 03:15:55 PM  
Obdicut: Hey, could it be the currency fluctuations are actually a good proof of inherent "invisible hand" corrections in the market?

With international trade the dollar is destined to fall in comparison as third world countries rise out of squaller. But it shouldn't be falling compared to the Euro. This isn't the "invisible hand" this is the fed purposefully over printing despite warnings of its long term consequences.

 
Theaetetus 2007-12-20 03:17:43 PM  
Nabb1: Try traveling out of the country once in a while, honey. That buck-fifty a Euro rate a couple of months ago was rather painful.

images.artnet.com
"Absolutely, my good man. When I take my monthly trip to go yachting in the Mediterranean, usually my stupendous wealth is enough to entice foreign women to sleep with me while their husbands fight to the death for my pleasure. Now, I simply get the gladiator fights, and must content myself with my gold-plated Fleshlight. That's why I support the good Doctor Paul. He'll protect us ordinary American consumers from the collapse of the dollar."

 
GoodyearPimp 2007-12-20 03:18:42 PM  
Well, I, uh, don't think it's quite fair to condemn the Fed's program because of a single slip-up.

 
DrJesusPhD [TotalFark] 2007-12-20 03:19:22 PM  
MindStalker: squaller.

Hehe.

The word is squalor.

 
21-7-b 2007-12-20 03:19:40 PM  
tallguywithglasseson

the bastards!

clever bastards by the sounds of it, though.

this ... is a job ... for the ... a-team ... i mean ... the ... internet

doo-da-da-do doo-doo-doo

we'll find those hidden banks

 
kartofelkopf 2007-12-20 03:20:23 PM  
single slip-up.

When that 'single slip-up' is their sole purpose, I think it is a fair condemnation.

 
keithgabryelski [TotalFark] 2007-12-20 03:21:16 PM  
kartofelkopf:

I think Ron Paul would argue that the Dept. of Education is another example of government waste. To claim that 'all politicians are opposed to government waste' is a simplistic way of looking at the situation.


It's a matter of perspective. Some people would think those things are not wasteful.

It is simplistic to say that Ron Paul is the only person interested in curbing government waste.

 
Uncoolest 2007-12-20 03:21:20 PM  
21-7-b: Uncoolest

he is different. i've picked up on that. who do you think he scares most: liberals or conservatives?


I think it would be the segment of the conservatives that we have come to know and love as the neo-cons, they have specialized in the "me too' reaction that heavily socialized people have, in order to not stand out and chance being ridiculed these type will go along with pretty much anything so long as they think that is what "normal" people will support.

I found it interesting that Ron Paul would decide to run as a Republican due to the seeming fact that the neo-conservatives have largely taken over that party and they would have to react very strongly to his ideas a proposed policies.

But there is a large segment of the Liberal grouping that is all about socialization and they are very similar in kind to the neocons in many ways so they probably react quite strongly as well.

 
Jonny Wilkinson 2007-12-20 03:22:55 PM  
kartofelkopf:
Anyone who benefits from the waste. No-bid contracts are a form of waste, and the people opposed to eliminating them


I'd like to threadjack for a minute:

A lot of time bids can be a complete and utter waste. When contractors work with government engineers to spec certain products, and everyone knows that the speced product and work is the best option; when you invite other bidders this can create problems. Usually the purchasers will choose the cheapest product/service no matter whose is superior. Often times this leads to the job not being done correctly. Now the government has to either pay the original contractor to come in and do it right, or scrap the project all together and conceed their losses. I have intimate knowledge of this type of thing. Bidding is often just a huge hassle.

 
Ryan2065 2007-12-20 03:23:01 PM  
kartofelkopf: I think Ron Paul would argue that the Dept. of Education is another example of government waste. To claim that 'all politicians are opposed to government waste' is a simplistic way of looking at the situation.

I think his argument is that the Dept of Education is unconstitutional. His quotes say the parents should pick what their kids learn because parents know what is best for their children. What a smart guy that Ron Paul.

 
Corvus 2007-12-20 03:23:16 PM  
Can someone show me a chart that shows me that when we were under a gold standard how we didn't have much inflation and we experienced the same amount of growth that we have today.

I mean we should actually be changing monetary policy based on that it makes sense, not based purely on ideology right?

 
neritz [TotalFark] 2007-12-20 03:27:03 PM  
Chuck Wagon At random times they just pump their fists in the air and yell 'Ron Paul'.

Damn it! I knew I was being watched.

/Ron Paul!

 
21-7-b 2007-12-20 03:27:03 PM  
Uncoolest

on a scale of 1 penguin to 10 penguins, how much does he piss off the neoconservatives?

 
Manfred J. Hattan 2007-12-20 03:28:28 PM  
tallguywithglasseson: These are the same people hiding all the modern bustling economies that have no central bank, use the gold standard and have decentralized private currencies.

I hate those guys.

 
Theaetetus 2007-12-20 03:30:23 PM  
Ryan2065: His quotes say the parents should pick what their kids learn because parents know what is best for their children. What a smart guy that Ron Paul.

I agree. Look at some great examples of parenting and the education that they've passed on to their kids...
image01.ctvdigital.com
Britney and Lynne Spears
a.abcnews.com
Paris Hilton and her parents
img2.timeinc.net
Jessica and Joe Simpson

 
DrJesusPhD [TotalFark] 2007-12-20 03:30:53 PM  
Corvus: I mean we should actually be changing monetary policy based on that it makes sense, not based purely on ideology right?

The way it seems, it's based on what's most familiar.

Gold standard!? That was what, 100 years ago? Fah! Crazy talk.

 
Corvus 2007-12-20 03:31:20 PM  
Uncoolest: But there is a large segment of the Liberal grouping that is all about socialization and they are very similar in kind to the neocons in many ways so they probably react quite strongly as well.

That is not what scares me.

What scares me is his anti-liberties views. That many people have the false concept that he is a libertarian when really his more like a confederate.

Yes he believes that the federal government should have less power, but he also believes states should be able to have more control over people's life in some aspects more than the federal government even has today.

He believe that the federal government can carve away any civil liberties that they wish but making the supreme court unable to hear the cases.

This I find very terrifying as a civil libertarian.

 
Uncoolest 2007-12-20 03:31:51 PM  
21-7-b: Uncoolest

on a scale of 1 penguin to 10 penguins, how much does he piss off the neoconservatives?


Not being familiar with the penguin scale I am going to have to take a pass on that one.

//But since penguins might be trick to make them admit something about global warming, it might have to be no penguins :-)

 
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