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What, specifically, is a responsible fiscal policy? How would he have prevented this economic mess? How does he suggest that we fix it, now that we're here? Wha

by eb 18y ago

What, specifically, is a responsible fiscal policy? How would he have prevented this economic mess? How does he suggest that we fix it, now that we're here? What economists support his views? Obama hasn't failed yet, how do we know his approach is wrong?

pj 18y ago
Responsible fiscal policy means spending less money. It means eliminating the IRS. It means the elimination of fiat currency. It means not spending money on guns, military bases, and other things that we just don't need. Ron Paul gets his economic views from the Austrian School of Economics. There are lots of economists who agree with those ideas. Many popular economists agree with his views including Milton Freidman, Peter Schiff, and more... A lot of what Ron Paul believes about economics are well though out ideas presented by other people, they aren't ideas he just "thought up." For example, every fiat currency ever in the history of the world has eventually collapsed. Sure, the US Dollar may prove to be the one that doesn't collapse, but history doesn't seem to indicate that is the case. Obama may be a shining star. I hope he is. Even if he is, even if Ron Paul was up there, we wouldn't know for sure if it was the President who fixed it or not. Bush did a lot of damage and the greedy bankers he enabled did a lot of damage, I'm not sure even Ron Paul could fix it. It'll take all of us working really hard to fix it. We are so in debt it's unfathomable. The younger generation is going to have to work really really hard to get us out of this mess. Let's hope Obama can rally the troops!
redrobot5050 18y ago
Ron Paul subscribes to the Austrian school of economics. They're very much against central banks, fiat money, and the creation of wealth by fractional reserve banking. Implementing any one of those policies in such a time of crisis would be like treating a broken arm with a gunshot to the head.
yummyfajitas 18y ago
The Ron Paul plan to prevent this economic mess (from 2002) was to stop inflating the housing bubble. http://www.ronpaul.com/2008-09-26/ron-paul-on-the-housing-bubble-july-2002/ http://www.ronpaul.com/2008-09-26/ron-paul-on-the-housing-bu...

by eb 18y ago

pj 18y ago

Responsible fiscal policy means spending less money. It means eliminating the IRS. It means the elimination of fiat currency. It means not spending money on guns, military bases, and other things that we just don't need. Ron Paul gets his economic views from the Austrian School of Economics. There are lots of economists who agree with those ideas. Many popular economists agree with his views including Milton Freidman, Peter Schiff, and more... A lot of what Ron Paul believes about economics are well though out ideas presented by other people, they aren't ideas he just "thought up." For example, every fiat currency ever in the history of the world has eventually collapsed. Sure, the US Dollar may prove to be the one that doesn't collapse, but history doesn't seem to indicate that is the case. Obama may be a shining star. I hope he is. Even if he is, even if Ron Paul was up there, we wouldn't know for sure if it was the President who fixed it or not. Bush did a lot of damage and the greedy bankers he enabled did a lot of damage, I'm not sure even Ron Paul could fix it. It'll take all of us working really hard to fix it. We are so in debt it's unfathomable. The younger generation is going to have to work really really hard to get us out of this mess. Let's hope Obama can rally the troops!

redrobot5050 18y ago

Ron Paul subscribes to the Austrian school of economics. They're very much against central banks, fiat money, and the creation of wealth by fractional reserve banking. Implementing any one of those policies in such a time of crisis would be like treating a broken arm with a gunshot to the head.

yummyfajitas 18y ago

The Ron Paul plan to prevent this economic mess (from 2002) was to stop inflating the housing bubble. http://www.ronpaul.com/2008-09-26/ron-paul-on-the-housing-bubble-july-2002/ http://www.ronpaul.com/2008-09-26/ron-paul-on-the-housing-bu...