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Old 08-17-2009, 10:01 AM   #7
Arne
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Quote:
Originally Posted by Mavdog View Post
I'll support the audit, for the purpose of having a credible balance sheet produced, but ron paul contradicts himself.

first paul writes "Nothing in this proposal would call on Congress to involve itself further in monetary policy, as that is completely unnecessary".

yet paul also states "once the audit has been completed, to analyze the results and determine how the Fed should be reined in".

those statements contradict each other.

it is certainly the later which ron paul intends to accomplish, and having misguided congressmen such as paul dictate policy would be a mistake.

a huge mistake.
His quote just plain and simple states that once the bill is used to find out what the Fed is doing, we can abolish the Fed. The bill itself doesn't abolish it at all.

How would a misguided Ron Paul monetary policy look like in your opinion?

This misguided congressman saw the housing bubble coming in 2003. Where was our overlord Bernanke at that point?

http://www.lewrockwell.com/paul/paul128.html
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