Wheylous, haha! Indeed. I can’t wait till next year when the new ones come out.
Yesss!
Says President Obama has waived “the work requirement for welfare.”
Wow, Rand Paul Throws His Father Under the Bus
David “The Assassin” Gordon Stops Keiser Cold
Release date moved up for Navy SEAL book
NYTimes leads group defense in mobile patent suit
Ron on the Repugnant Republican Ticket
Man Who Armed Black Panthers Was FBI Informant, Records Show
Ron paul interview on RNC.
He is so principled, still hasnt endorsed romney.
[view: http://www.youtube.com/watch?v=pWTZBa2OdGo]
This fairly old documentary took place in my city more than a decade ago. It shows an incredibly badass public defender taking on three corrupt police detectives who used disgusting means to charge a fifteen year old innocent black man with murder.
It’s really satisfying to watch those three thugs get their case ripped to shreads by the defense.
Wow, the MSM aren’t hiding it. The first words:
Ron Paul to Romney/Ryan: \m/
Dude WTF!!! I didn’t even catch that until you mentioned it!
It’s a real-life fnord! Agh!!!
Clayton -
my economics professor this semester is a former VP and COO of the federal reserve dallas. His economist ‘hero’ is paul volker. He said he worked very closely with volker when he was working at the fed in DC. He also said he debated ron paul once on the gold standard. This is his last class before retiring. He wrote our class’ book "american monetary system: financial institutions, markets and monetary policy. He of course was for the bank bailouts. He says he keeps an open mind about the gold standard, but its shocking just how long people used a dead metal as money. He also doesnt like lecturing and loves to debate during classes.
Needless to say, Im excited about this class.
.
…as opposed to a living metal?
““but its shocking just how long people used a dead metal as money.””
People are surprised when their expectations are contravened. What does this professor expect people to choose to use as media of exchange, in the absence of legal tender laws?
hah thats what i was thinking. just propaganda to make it look like gold is a stupid idea.
i did get to defend the gold standard a little today. he said something along the lines ‘one terrible thing about the gold standard is that there is such a strict limitation on injecting an economy that is in bad shape’, so i got a laugh in and asked isnt that the point? and dont you think that is exactly why people want a gold standard?
he then mention mass market failures and the great depression. some other economic wizkid chimed in and changed the subject with, ‘how do people protect themselves from inflation by buying gold if gold prices inflate with everything else? people are just so stupid in believing that.’ HAHA.
professoor added ’ ya i dont understand it either! and any monetary gain gets a capital gains tax on top of it.’
also on a side economic question.
a subjective value theory isnt an austrian exclusive idea is it? what otther schools of thought believe in it?
does keynesian believe in subjective value? if not on earth do they believe. During the lecture it was really bordering an objective value theory
If I had a clip of Homer Simpson cringing, that’s what I’d post.
oh oh oh i almost forgot one of the best lines EVER: ‘buying gold is also unamerican because what they are really doing is betting against the US dollar’
No, I’ve never heard of Jevons or Walras really being considered Austrian. You can get more info here.
Yeah it’s a tough line you have to walk when you’re not a self-proclaimed Marxist, but you somehow think there are constants when it comes to human behavior.
John McCain at convention: “more America!”
thx jj
““but its shocking just how long people used a dead metal as money.””
People are surprised when their expectations are contravened. What does this professor expect people to choose to use as media of exchange, in the absence of legal tender laws?
He did say the professor was in favor of bailouts, so the obvious answer is living people. 