bobbyw24
10-30-2010, 06:04 AM
Ever since I visited Ron Paul ' s office , I ' ve been
fascinated by him . Its walls are festooned with
proclamations from Austrian economists
warning about the perils of debauching the
national currency and inflation . He also has
currency from Weimar Germany on the wall ,
showing how its purchasing power plummetted
during the 1920 s . Eventually it took a
wheelbarrow full of bills to buy a loaf of bread .
One famous anecdote has it that a customer in
a cafe ordered a coffee . When he ordered a
second one ten minutes later , the price had
doubled . " You should have ordered them both
at the same time , " the waiter instructed the
astonished customer.
Paul ' s obsession with currency and the Austrian
school of economics , led by Ludwig von Mises ,
has led a number of commentators to view
him as something of a nut . I didn ' t get that
sense at all . The sense that I did get from Paul
is that he is nostalgic for an older America- -
pre - New Deal America. He seems to think that
the country has gone soft. Its citizens look not
to themselves but to the Federal government
when hard times hit. Paul ' s bugbear is the
Federal Reserve , which he wants to abolish.
Now Paul ' s message seems to be gaining , well,
currency, as the Tea Party trumpets his
message.
Www.nationalinterest.org/blog/domestic-politics/the-rise-ron-paul-the-tea-party-4326
fascinated by him . Its walls are festooned with
proclamations from Austrian economists
warning about the perils of debauching the
national currency and inflation . He also has
currency from Weimar Germany on the wall ,
showing how its purchasing power plummetted
during the 1920 s . Eventually it took a
wheelbarrow full of bills to buy a loaf of bread .
One famous anecdote has it that a customer in
a cafe ordered a coffee . When he ordered a
second one ten minutes later , the price had
doubled . " You should have ordered them both
at the same time , " the waiter instructed the
astonished customer.
Paul ' s obsession with currency and the Austrian
school of economics , led by Ludwig von Mises ,
has led a number of commentators to view
him as something of a nut . I didn ' t get that
sense at all . The sense that I did get from Paul
is that he is nostalgic for an older America- -
pre - New Deal America. He seems to think that
the country has gone soft. Its citizens look not
to themselves but to the Federal government
when hard times hit. Paul ' s bugbear is the
Federal Reserve , which he wants to abolish.
Now Paul ' s message seems to be gaining , well,
currency, as the Tea Party trumpets his
message.
Www.nationalinterest.org/blog/domestic-politics/the-rise-ron-paul-the-tea-party-4326