Sunday, November 18, 2007

Ron Paul's Monetary Policy backed by Forbes, Luskin and Kudlow.

Ron Paul as the senior member of the House Finance Committee is the only candidate that has a clue of correcting the financial mess that is occurring. Below is a CNBC video of Paul going head to head with Fed Chief Bernanke with everyone in the stock exchange pit cheering Paul on. Also note Steve Forbes and other financial gurus such as Don Luskin advocating Paul's approach to tying the dollar to gold. Even CNBC anchor Larry Kudlow is on the bandwagon regarding Paul's approach to monetary policy.
Do not listen to all of the partisan pundits who claim that Ron Paul's monetary policies are on the fringe, because they have no clue.
Ron Paul will get our expenditures under control by first shrinking our infatuation with foreign affairs of little consequence, then addressing our long term financial stability by bringing back a monetary system based on sound money. As indicated in the graph below a reliance on a committee of economist to manage the "money supply" has led to constant inflation, depressions and boom and bust cycles since 1913.



3 comments:

Anonymous said...

Name is Don Luskin, not Lusko

DF Robichaux said...

Anon,
Thanks for pointing the typo out, need to make sure I catch names correctly.

Anonymous said...

Chart should be log-scale. By not being log-scale the increase in the latter years is enough to automatically flatten the changes in the early years. You're point will still be made in log-scale.