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View Full Version : 6 economists on why Ron Paulís Fed audit idea is wrong




RonPaulFanInGA
09-23-2009, 12:54 PM
http://blogs.reuters.com/james-pethokoukis/2009/08/03/6-economists-on-why-ron-pauls-fed-audit-idea-is-wrong/

Afraid?

Bruno
09-23-2009, 12:59 PM
There are thousands that think he is wrong. Of course, they are all part of the Keysnian school, are Fed-friendly, and didn't see this economic downturn coming, so they have little credibility.

From the comments:

Anil Kashyap determines what the bill “suggests”?

This is pure speculation.

Is he a impartial, objective source, to use?

There seems to a major conflict of interest here, between objective journalism and the organization that pays you money.

http://www.chicagobooth.edu/faculty/bio. aspx?person_id=12825159680

“Prior to joining the Chicago Booth faculty in 1991, Kashyap spent three years as an economist for the Board of Governors for the Federal Reserve System. He currently works as a consultant for the Federal Reserve Bank of Chicago, and serves as a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, and as a Research Associate for the National Bureau of Economic Research (NBER).”

wizardwatson
09-23-2009, 12:59 PM
http://blogs.reuters.com/james-pethokoukis/2009/08/03/6-economists-on-why-ron-pauls-fed-audit-idea-is-wrong/

Afraid?

Ha, it seems like half those economists are saying that if the bill passes, the Fed is more likely to monetize the debt and create inflation.

In other words, passing this bill would have the opposite effect Ron Paul supposedly wants ( according to these guys ).

angelatc
09-23-2009, 12:59 PM
http://blogs.reuters.com/james-pethokoukis/2009/08/03/6-economists-on-why-ron-pauls-fed-audit-idea-is-wrong/





In a subsequent article, he challenged us to provide a list of economists who agree with the "Audit the Fed" - he got a realllllly long list. No more articles from him.

Sandman33
09-23-2009, 01:02 PM
Afraid? No. I'm afraid of a future where the Fed is still allowed to exist.

Currently the fed only exists to debase our currency which quite frankly should be tried for not just treason but THEFT, both foreign and domestic theft.

Warrior_of_Freedom
09-23-2009, 01:15 PM
if it passes through the house I will get drunk and walk around on the sidewalk in my underwear looking for pizza

Bruno
09-23-2009, 01:25 PM
if it passes through the house I will get drunk and walk around on the sidewalk in my underwear looking for pizza

no 2500 post requirement? :D