The Political Inquirer

A Short Debate about the Federal Reserve

6 Responses

1. 

   Norm, on March 21st, 2008 at 6:09 am Said:

   The more I hear this Ron Paul the more I like him.
2. 

   Scott M., on March 21st, 2008 at 9:08 am Said:

   Good to see debate getting some airtime!
3. 

   cyber_rigger, on March 21st, 2008 at 3:39 pm Said:

   Since the year Nixon closed the gold window, 1971, inflation has gone wild.

   http://www.economics-charts.com/cpi/cpi-1913.html
4. 

   aroundthebend, on March 21st, 2008 at 3:41 pm Said:

   I agree, too bad its Good Friday and everyone is on a three-day.
5. 

   Drew, on March 21st, 2008 at 9:54 pm Said:

   Ron Paul makes a good point on abolishing the Fed because essentially the Fed has a monopoly on money. Since the Fed can create money out of thin air there is no value backing the paper notes. This causes terrible inflation which we are seeing in our food prices as we speak. The cost of living has increased and I believe it is fair to assume that the blame falls upon the banks and the Federal Reserve. The banks have been able to create money through fractional reserve banking and the Fed has done nothing to regulate this. Ron Paul makes a good point even thought he can come off as a bit of an extremist. He wants to put the economy back into a place where money has the value that it is supposed to have.
6. 

   Art Baker, on March 21st, 2008 at 11:58 pm Said:

   The whole idea of the Fed is ludicrous. We as a nation gave a private company the power to create money out of nothing and then CHARGE US INTEREST on every dollar created!

   Politicians don’t have to come begging to voters for a tax increase. They just “borrow” from the Fed, vastly increase the size and scope of government, then SEND US THE BILL!