Ron Paul on PBS: Great Interview
Dr. Paul explains why regulation, as traditionally viewed, would not be necessary in a real free market. Bailouts, monetary policy hamper natural market function. Lots more:
Hat tip LewRockwell.com
Rabid Atheist Takes On Ron Paul ‘Cult’
It was a little odd to watch this. Just because, for a brief while, I myself was a dedicated atheist (ages ~12-15). To clarify, I still don’t believe in God, per se. But I have realized that it is counterproductive and pointless to argue with anyone’s religious beliefs.
Not to mention, cruel, in a way. Arguing with a believer comes down to this: If you succeed, you may ruin someone’s emotional support system. If you fail, you make a bad impression. It’s a lose-lose. This may sound obvious more religious folks, just realize that it’s not to everyone. Especially those of us who got a liberal arts degree.
Anyway, here’s some rabid atheist ranting against Ron Paul. While he sees some potential upside (less war), he thinks we need to “consider other things, too”. Uh-huh.
Found dude’s site http://thatfatatheist.com/ — he’s kinda funny. But I’ve met guys who seem similar. I once debated with one for 4-5 hours. That’s how long it took till I won, and he endorsed Austrian econ, RP.
Jim Rogers Supports Ron Paul
Jim Rogers, Treasury Secretary? Wouldn’t that be a beautiful thing?
Ron Paul is the “only one I’ve seen in American politics that seems to have a clue”, Mr. Rogers said. “A pox on both their houses, the Democrats and Republicans … However, in this election if Ron Paul gets anywhere close to a nomination, I will certainly support him.”
More:
Also, this: Ron Paul advanced in a recent CNN GOP primary poll from 8% to 12%. He was tied at #2, in this poll from a few days ago (before his impressive #2 showing at the Ames Straw Poll).
QE3, You Say?!
Another round of Fed gasoline to errr, prime the pump? Nobody could have seen this coming.
From Tyler at ZH, quoting FOMC:
The only section that matters: “Some participants noted that if economic growth remained too slow to make satisfactory progress toward reducing the unemployment rate and if inflation returned to relatively low levels after the effects of recent transitory shocks dissipated, it would be appropriate to provide additional monetary policy accommodation…”
Precious metals react. Kitco News via Forbes:
Gold futures, already fortified by Europe’s continuing debt woes, got an extra shot in the arm Tuesday afternoon when minutes of the most recent meeting of Federal Reserve policy-makers showed at least some members are willing to consider further stimulus.
Silver also got a bump from today’s somehow-surprising news that QE3, or some other form of money printing, is still a very real possibility (inevitable, some say). Remember that the Fed’s Jackson Hole meeting is coming up next month, and Bill Gross says it is likely QE3 will be officially endorsed then.
Live 1d silver chart via Kitco.com:
