The monetary unit cannot remain as it is today, a tool of the rich, the powerful, the politicians, the central bankers, and the international corporations. For the middle class to survive and the poor to gain an opportunity to improve their lot, a sound currency is a must. Destructive wealth redistribution through inflation should not be tolerated any longer. Although eventually all economic classes will suffer with economic upheaval and loss of political freedom, up to a point certain groups do benefit at the expense of others. Many a businessman has expressed his acceptance and approval of the inflationary process to me since it affords him a chance to accumulate more material wealth. The unscrupulous businessman, banker, politician, or union leader who encourages inflation for personal gain is guilty of committing the serious crime of theft, and must bear the responsibility of participating in the destruction of our market economy and what remains of our free society. Those who understand inflation and protect themselves and their families to the best of their abilities should be complimented and not criticized; only the perpetrators of the inflationary process are deserving of our harsh condemnation.Ron Paul, Congressional Record - U.S. House of Representatives, July 1, 1980
Wednesday, April 29, 2009
Daily Dr. Paul Quote - Inflation
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25 comments:
Great example of Ron Paul hypocritically using marxist discourse to acheive his goals. That he mentions that classes exist in a political speech is significant enough in-itself, but that was 1980..
I don't follow. . .
His acknowledgment of poor, middle class and rich people makes him a hypocrite?
Yes, beause he is in favor of eliminating the social safety nets and labor regulations that protect those classes.
Protect them in what way?
I'm not aware of poverty being eliminated since the War On Poverty began with LBJ, are you?
Protect them from the might-makes-right of the unfettered trading of people and labor.
LBJ? Don't care.
I think you're commenting on the wrong post.
This post is about the elite using inflation to steal from the poor.
The quote showcases Ron Paul's political maneuvering and hypocrisy.
It showcases his understanding of inflation.
It showcases his simplistic understanding of inflation and his hypocrisy and cynicism.
"I'm not aware of poverty being eliminated since the War On Poverty began with LBJ, are you?"
Relative poverty will never be eliminated. Objective poverty has almost completely been eliminated in Canada and, for the most part, in the United States.
"Relative poverty will never be eliminated. Objective poverty has almost completely been eliminated in Canada and, for the most part, in the United States."
Yep, we're paying people to be poor, relatively speaking.
How do you mean?
Welfare institutes permanent relative and real poverty. So we pay people just enough to stay poor.
Before welfare, poverty was diminishing over time.
"Welfare institutes permanent relative and real poverty. So we pay people just enough to stay poor."
I see very little, if any real poverty. Could you give some examples?
"Before welfare, poverty was diminishing over time."
If you call creeping increases in wages the elimination of poverty, then are living in cottoncandyland.
"I see very little, if any real poverty. Could you give some examples? "
Take a walk down Spring Garden. Or through the slums of any major city.
"If you call creeping increases in wages the elimination of poverty, then are living in cottoncandyland."
Cotton candy land is thinking are that is bad in the world can be fix by taking my money at the point of a gun.
"Take a walk down Spring Garden. Or through the slums of any major city."
I think we are both going to agree that the real poverty of the ghetto is more complex than wages increases.
"Cotton candy land is thinking are that is bad in the world can be fix by taking my money at the point of a gun."
No, cottoncandyland thinking is idea that a radical decrease in wage levels will not lead to revolution. That is cottoncandyland thinking.
"I think we are both going to agree that the real poverty of the ghetto is more complex than wages increases. "
Real poverty is complex no matter where you go.
"No, cottoncandyland thinking is idea that a radical decrease in wage levels will not lead to revolution. That is cottoncandyland thinking."
Massive inflation is going to lead to revolution. Wages decreased in the early 20s, there was no revolution.
"Massive inflation is going to lead to revolution. Wages decreased in the early 20s, there was no revolution."
Short contractions will not lead to revolution unless wages are already at revolutionary levels.
Anyway, I am talking about the long-term consequences of continuing down the road Ron Paul wants us to travel.
"Short contractions will not lead to revolution unless wages are already at revolutionary levels."
A sharp decline in the standard of living would.
"Anyway, I am talking about the long-term consequences of continuing down the road Ron Paul wants us to travel."
The long-term consequence of your road are health care systems that are falling apart, education systems of which costs are out pacing the rate of inflation exponentially and doesn't provide better education, constant wars, and a never decreasing rate of poverty.
Paul wants an honest economy and a free society. If you think that would lead to our destruction, you have no faith in people, and if you have no faith in people, how do you manage to have faith in government when government is simply an institution full of power hungry, imperfect people? If you want true democracy, you'd support leaving money in the hands of the people for them to best decide where their wealth should be spent and invested.
"A sharp decline in the standard of living would."
Yes.
"The long-term consequence of your road are health care systems that are falling apart,"
Because you favor tax exemptions for the rich and allow the corporations to decimate the tax base by moving factories to China and Mexico.
"education systems of which costs are out pacing the rate of inflation exponentially and doesn't provide better education,"
Compared to what, Josh? The non-universal system before universal education? The exclusionary nature of private education?
"constant wars,"
I think it is clear I am more anti-war than you.
"and a never decreasing rate of poverty."
Japan and South Korea have built up two of the finest economies based on the current system. If their factories were to leave, they'd return to where they were before, poor.
"Paul wants an honest economy and a free society."
Paul is a brainwashed talking head for the rich.
"If you think that would lead to our destruction, you have no faith in people, and if you have no faith in people, how do you manage to have faith in government when government is simply an institution full of power hungry, imperfect people?"
I have faith in the people, just not the same people you have faith in.
"If you want true democracy, you'd support leaving money in the hands of the people for them to best decide where their wealth should be spent and invested."
Bad argument, because before the strikers gained political power the money you speak of was not in the people's hands. It was in the rich people's hands.
"Because you favor tax exemptions for the rich and allow the corporations to decimate the tax base by moving factories to China and Mexico."
Lol, i don't favor tax exemptions for the rich. I think if there is going to be a tax, which there shouldn't be, it should be flat. Laws should treat all people equally.
"Compared to what, Josh? The non-universal system before universal education? The exclusionary nature of private education? "
The education systems weren't getting better on their own before the federal government intervened and started to gradually ruin them?
"Paul is a brainwashed talking head for the rich."
Yes, I hear Bill Gates and Warren Buffet talking up Paul all the time lol. Warren Buffet loves EVERYTHING Obama is doing. . wonder why? He must just have a warm loving heart.
"I have faith in the people, just not the same people you have faith in."
I have faith in all people.
"Bad argument, because before the strikers gained political power the money you speak of was not in the people's hands. It was in the rich people's hands."
How do you always manage to ignore the last half of the 19th century?
Flat tax = tax exemption.
"The education systems weren't getting better on their own before the federal government intervened and started to gradually ruin them?"
No, no they weren't getting better.
"Yes, I hear Bill Gates and Warren Buffet talking up Paul all the time lol. Warren Buffet loves EVERYTHING Obama is doing. . wonder why? He must just have a warm loving heart."
Exception to the rules do not count. "Rich" denotes the average rich person, not one.
"I have faith in all people."
Even Suddamn Hussein and Adolf Hitler!
"How do you always manage to ignore the last half of the 19th century?"
Oh, I'm sorry, did I ignore your "creeping increase in wealth due to capitalism" arguement that does not take into account striker action and capitalist control of the government? Oh, tell me why I shouldn't conclude that those miniscule gains were merely the breadcrumbs the capitalists gave the workers to make themselves feel civilized?
"Flat tax = tax exemption."
How?
"No, no they weren't getting better."
The middle class wasn't becoming more educated before the Department of Education??
"Exception to the rules do not count. "Rich" denotes the average rich person, not one."
Yea, I wonder who gave the hundreds of millions of dollars to McCain, Clinton and Obama during the election.
Meanwhile, Paul raised his $30 million from $50 donations. The rich really love him.
"Even Suddamn Hussein and Adolf Hitler!"
Even Truman and Bush. I have faith that if government didn't have the power it does, and the currency was honest, people like them would never be able commit the atrocities that do.
"Oh, I'm sorry, did I ignore your "creeping increase in wealth due to capitalism" arguement that does not take into account striker action and capitalist control of the government? Oh, tell me why I shouldn't conclude that those miniscule gains were merely the breadcrumbs the capitalists gave the workers to make themselves feel civilized?"
Wages may have been only increasing gradually, but the cost of living took quite a drop, increasing the standard of living and creating the wealthiest middle class on earth to date. Thats the beauty of the gold standard. When there is honest money, an economy that grows will cause all prices to decrease as production capacity increases with innovation.
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