USA Today Editorial: "Ron Paul: Stop the Fed from distorting the market"

[Tyler_Durden]

http://www.usatoday.com/news/opinion/editorials/story/2012-01-09/Ron-Paul-Federal-Reserve/52473302/1?csp=34news

[affa]

nice little Ron Paul essay.

[Jtorsella]

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[J_White]

nice article

[lasenorita]

Nice indeed. It's easy to understand and digest. If anybody asks why Ron Paul focuses so much on the Federal Reserve, this is a good little introduction.

[bluesc]

Lol

Ron Paul:

To say that auditing or ending the Federal Reserve reflects "19th century thinking" is to propose that economic responsibility and transparency in government are ideas whose time has passed.

Right below that? USA Today:


OUR VIEW: Ron Paul's 19th century economic ideas

[nano1895]

To say that auditing or ending the Federal Reserve reflects "19th century thinking" is to propose that economic responsibility and transparency in government are ideas whose time has passed.

One of the comments on the article. I liked it.

[PismoPam]

Those of you who have good meaty newspapers might easily underestimate the effect of USA Today.
Many parts of the country have a 10 page daily with local news and some AP stories.
USA Today gets you through lunch.
IT IS AWESOME to have a Ron Paul op ed in there right now!!!!!
YES!

[socal]

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That is an atrocious editorial. It could take a long time to correct all the fallacies and misstatements.

[socal]

I would take issue with 1 statement of Dr. Paul's however,

Ron Paul: Stop the Fed from distorting the market
http://www.usatoday.com/news/opinion/editorials/story/2012-01-09/Ron-Paul-Federal-Reserve/52473302/1


The Fed's quantitative easing [QE] programs increased the national debt by trillions of dollars...

Actually QE has the effect of effectively lowering the national debt, since QE translates to the Federal Reserve (Fed) purchasing Treasuries with money (bank reserves) created out of nothing. And the interest the Treasury pays the Fed gets sent back to the Treasury. So basically the debt is retired as long as the QE isn't reversed.

I think I know what Dr. Paul was trying to say, but perhaps he was too busy or tired from campaigning to be more precise.