Answer to Ron Paul's supporters: the Federal Reserve is the Lender of Last Resort

Published: August 16, 2007, 10:15 am

If you're like many RedState readers, you've been paying some attention to this remarkable thread by Neil Stevens. It's remarkable because of the amount of controversy that is stirred up by what is really an arcane set of policy statements that Congressman Paul has been making about money. More... Two things that Neil Stevens's thread has made quite clear are: first, Mr. Paul has been maddeningly reluctant to propose a specific program for removing what he sees are some basic evils in how the US runs our monetary system. And second, in the absence of specific proposals, Paul's detractors are filling in the blanks and having a merry old time refuting his non-proposals. So I was glad to see that someone (scott742) finally spelled out some of the things Mr. Paul would like to see happen, to wit: reduce the role of and eventually abolish the Federal Reserve; and accord legal-tender status to both gold and silver. This diary is a slightly modified version of my response to scott742 on

[ Full article ]

Blog link

Rating: 0

Comments