Defending Ron Paul’s economics – Pt. 2

by Eric Nehring - University Student

Having accompanied Dr. Ron Paul at several events during his 2008
presidential bid, I am pleased to see his ideas reaching the light of day. I do, however, take issue with the nature of the column.

In PaulâÄôs defense, our public education system in the United States has done an inadequate job of educating our youth on monetary policy. Had Paul delivered the technicalities of his policy, the audience would have likely deemed him elitist.

The fact remains that the United States subsisted as a nation from its inception to 1913 without the elite international banking cartel known as the Federal Reserve. While Americans at the time were told the creation of the Fed would put an end to the boom and bust cycles that plagued the United States during the 19th century, history confirms that quite the opposite was true. In fact, since the creation of the Federal Reserve, the buying power of the United States. dollar has diminished over 95 percent.

I would argue âÄî in my experience as a supporter having met thousands of other supporters âÄî that PaulâÄôs followers are well-educated, articulate activists who see through the insistent agitation propaganda peddled by the mainstream media. If the journalist responsible for this column were to have approached PaulâÄôs position with an open mind and less of an agenda, he may have well learned something about the cause of our current economic crisis.