First of all, I like the idea of federal money going to pay
for education. Secondly I am against the electoral college system which he is
for. Thirdly, abolishing the federal reserve is not what I would consider
fiscally responsible. Also, may I remind you John Keynes, one of the greatest macroeconomics
economist, said deficit spending isn’t as bad as everyone thought it is
“Keynes's theory suggested that active government policy
could be effective in managing the economy. Rather than seeing unbalanced
government budgets as wrong, Keynes advocated what has been called countercyclical
fiscal policies, that is policies which acted against the tide of the business
cycle: deficit spending when a nation's economy suffers
from recession
or when recovery is long-delayed and unemployment is persistently high—and the
suppression of inflation in boom times by either increasing taxes or cutting
back on government outlays. He argued that governments should solve problems in
the short run rather than waiting for market forces to do it in the long run,
because "in the long run, we are all dead."”
And as for this gold standard garbage Ron Paul supportes go
on about:
“In practice, the production of gold has usually trailed
economic growth, resulting in periods of deflationary pressure, including
contributing to the cause of the Great
Depression”
“In particular, gold-backed currencies prevent tailoring the
money supply to the economy's demand for money, and are subject to speculative
attacks when the government's financial position looks weak; attacks which
often require punitive economic measures to counter.”
“the total amount of gold that has ever been mined is
estimated at about 142,000 tonnes.[4]
At a gold price of US$800 per Troy ounce, or around
$26,000 per kilogram, the value of this entire planetary stock would be $3.65
trillion, which is less than the value of cash circulating. In the U.S.
alone, more than $7.3 trillion is in circulation or on deposit.”
Not to mention the US
has one of the lowest unemployment rates, and the highest standard of living,
so it seems Keynes was right. Ron Paul’s fiscal policies are highly overrated,
not to mention dangerous if put into practice