The Digg Crew wants to hear your thoughts!
Please take our short survey about Digg and potential feature ideas.
- 94 diggs
- digg it
- ccheath, on 10/10/2007, -2/+6go Dr. No !!!1!
- LadyKofNYC, on 10/10/2007, -2/+9Ron clearly states that the fed is bailing out wall street by taxing the poor with inflation and asks why.
Bernanke answers by basically saying "yes inflation is bad.... derrrr derrrr derrrr"
What a ***** tool.- blorc, on 10/10/2007, -1/+5Yep. Doesn't even remotely address what he said.
Vote Ron Paul. Get rid of the Federal Reserve. Stop putting up with this *****, people. We can't do it without your help. Donate and vote. Take back control of this country.- Hortnon, on 10/10/2007, -3/+4"Vote Ron Paul. Get rid of the Federal Reserve."
I hope you know that one won't lead to the other...Getting rid of the Reserve is Congress' job.
- Hortnon, on 10/10/2007, -3/+4"Vote Ron Paul. Get rid of the Federal Reserve."
- blorc, on 10/10/2007, -1/+5Yep. Doesn't even remotely address what he said.
- clownguyx, on 10/10/2007, -1/+5I'm hoping that the video shown here doesn't show the entire response. Wishful thinking, I know, but the idea that this serious question gets that "inflation is bad" answer is disturbing.
- disposition0010, on 10/10/2007, -2/+6I know there are alot of stories on here about RP, but if you listen to what the man is saying (almost all the time) and look at his voting record, it is obvious that he is trying to make this country and its citizens better. I wish someone in power had that wish and the ideas as well.
- vault, on 10/10/2007, -3/+4What makes you guys so sure Ron Paul is actually going to get rid of the Fed? I think you are dramatically underestimating what a president can actually do.
Same goes for the IRS. We'd all love it if the IRS went away, but give me a break...you honestly think that's going to happen?
You do realize if Ron Paul gets elected he has to deal with a heavily partisan congress, yes?- PATSCRU, on 10/10/2007, -2/+4No, they don't realize it. And by the amount of faith they are putting in a potential presidential candidate, it would seem that Ron Paul supporters would want to increase presidential powers to an unheard of and unconstitutional level, because clearly, a president under current law can't make all the changes that they claim Ron Paul would make if elected.
- LadyKofNYC, on 10/10/2007, -1/+3 None of the other candidates will put the issue on the table. They won't even acknowledge that there is an issue. How do you expect the IRS and Fed to go away if no one even talks about it?
- vault, on 10/10/2007, -2/+3If no candidate can get it accomplished, what difference does it make who puts it on the table? A candidate could promise ANYTHING they're not capable of doing, and then once they're in power they just blame it on Congress or whoever else blocked it, knowing full well that it was not going to happen in the first place.
Candidates say what is neccessary to get votes, and then reneg on their promises once they're in power. There are no exceptions, and that is the case whether they are liberal, conservative, libertarian, fascist, or communist. Ron Paul supporters just happen to prefer Ron Paul's brand of promises to the other candidates.
I like some of what Ron Paul has to say, but I don't lie to myself and actually think he's gonna save us from paying taxes.- LadyKofNYC, on 10/10/2007, -1/+1Why bother doing anything if there's a chance you wont succeed? Why do you even bother to get out of bed in the morning?
- vault, on 10/10/2007, -2/+4Accomplishing my or anyone's own personal goals, or even getting out of bed in the morning, does not take the approval of Congress and a radical change to the world's largest economy. Getting rid of the IRS and the Fed (and going back to the gold standard lol..) do require that.
The analogy doesn't work :-)
- vault, on 10/10/2007, -2/+4Accomplishing my or anyone's own personal goals, or even getting out of bed in the morning, does not take the approval of Congress and a radical change to the world's largest economy. Getting rid of the IRS and the Fed (and going back to the gold standard lol..) do require that.
- LadyKofNYC, on 10/10/2007, -1/+1Why bother doing anything if there's a chance you wont succeed? Why do you even bother to get out of bed in the morning?
- vault, on 10/10/2007, -2/+3If no candidate can get it accomplished, what difference does it make who puts it on the table? A candidate could promise ANYTHING they're not capable of doing, and then once they're in power they just blame it on Congress or whoever else blocked it, knowing full well that it was not going to happen in the first place.
- WaterDragon, on 10/10/2007, -0/+1And in the end, Bernanke responds with a complete lie, as usual. He says that the Fed's goal is to "maintain price stability, which, to my mind, means 'the value of the dollar."
He precisely MISSED the point. PRICE stability for the sellers, despite the declining value of each individual dollar held by the buyers...is precisely the problem.
They always side with the market (with the people wealthy enough to trade stocks, rather than earning money through work), with the sellers, always, and never with the masses of people who are not wealthy 'merchants', but who have to buy all their goods.
Could this pathetic excuse for a man have had any LESS comprehension of the point that Dr. Paul explained so clearly?
And of course, the Federal Reserve is NOT a legitimate part of the US Government, or the Treasury Department...but is an independent cartel of bankers who have seized control of the monetary system.
Digg is coming to a city (and computer) near you! Check out all the details on our