x7718 (July 24, 2008 at 7:40 pm)

Mr Shakir probably wasn't there either, Dr. Paul not only knows his history, he lived it!

acp6s (July 22, 2008 at 2:46 pm)

Faiz Shakir, from Center for American Progress. Defending the Fed, and doesn't even know the simple fact that the Fed existed pre-Depression era.

mkfk1 (July 21, 2008 at 2:51 pm)

if someone find "alot" of gold, yes in theory the value of gold would greatly decrease. BUt there is a reason why pretty much all nations and empires around the world view gold as the standard to back currency, gold are hard to find, and gold actually have alot of applications. Actually, all metal with application are used to back cuurency, not just gold. Example: copper, bronces, etc etc

MushroomCloud666 (July 18, 2008 at 11:34 pm)

Sometimes it amazes me how people who have very poor knowledge of the monetary system have courage to criticize someone who has written a book about the gold standard. The biggest growth of economy in US was during the time when there was a gold standard, that's a pure fact no sane "expert" can deny.

garyowen4ever (July 18, 2008 at 7:26 pm)

KUDLOW AND CO. IS THE 'EVENING ZOO.'

axez6 (July 17, 2008 at 4:26 pm)

operate, and to switch to a gold standard would only make it more difficult to efficiently function in the world market. I dont believe that the US's gold reserves are even big enough to back the nations currency. As far as experts go you should read "The economist"(a highly regarded publication). The experts there disagree quiet a bit with Paul's plans.

axez6 (July 17, 2008 at 4:21 pm)

Thanks for the tip I watched it the video you referenced. However, I still have to disagree with you and the congressman. Part of the problem is that he attributes the weakness of the dollar completely to the fed, while in reality it is a huge number of factors like the rise in price of oil, the instability of the US's foreign policy, the rise in the value of the Chinese markets and currency (and china owns a large chunk of US debt). Credit and credit markets is the way that the global markets

NosePickingSob (July 17, 2008 at 3:23 pm)

Shakir is a brainwashed smirking twit

Dedhedted71 (July 17, 2008 at 2:19 pm)

You are just not informed enough about exactly what his monitary policies are. He is for legalizing other currencies to compete with the dollar. Just search a video called Laptop Brigade - Ron Paul & monitary policy. Its a basic rundown of his ideas. Then, if you still think he is "naive", well there will be no hope for you then. Because even the experts agree with him.

axez6 (July 17, 2008 at 6:15 am)

Sometimes it amazes me how naive Ron Paul is. Not only is it completely impractical to go back to the gold standard, it is almost impossible to do. Backing around 12 trillion dollars worth of value in gold cannot be done in the modern global markets. Not to mention it is not by accident that every industrialized nation has gone off the gold standard. I hope that the congressman realizes that without the fed our recession would be escalated and be much worse.