Topic: Ron Paul meets with Ben Bernacke for an "open" breakfast "discussion" (Read 1445 times)
When the extremes meet... Might have been an interesting discussion indeed, but I bet neither changed his mind.
June 30, 2012, 07:12:02 AM
June 18, 2012, 07:08:48 PM
Well someone needs to make up a funny transcript then.
Ron: "you see this?", *shoves silver eagle into Bens face*, "let's have a currency competition!" *boyish grin*, "My silver, your fiat"
Ben: "Allright, bring it on, dude!" *whips out 100 usd bill*, "this is worth more".
Ron: "Arbitrary crap! How is 100 USD worth more than 1 oz of silver. I'll still be able to buy 20 pounds of groceries with this coin in 30 years time, when your 100 will buy a carrot or two!"
Ben: "Ha! That's the problem with your ancient silver money, it's just too inflexible: if we see price inflation, we just print more money to make up for it", *takes pen, adds "00" to the 100 to make it 10,000*, ", see, now I can buy even more groceries than you. And that's how we grow the economy: by increasing consumption."
Ron: "You're only growing the economy on paper! You're inflating the monetary supply and the purchasing power of a few, but everyone else holding a 100 USD bill will have less real purchasing power. This destroys savings, while 1 ounce of silver will always be 1 ounce of silver. Additionally, silver has industrial use:", *melts silver and casts a spoon, stirs coffee*
Ben: *puts feet on table, sets 10,000 USD bill on fire, lights cigar*
June 15, 2012, 12:14:06 PM
Ron Paul 2 Bernank: Y U INFLATE MONEYZ???
hardly... more like, "buy me so I can ensure my sons future in republican party politics".
May 27, 2012, 05:37:02 PM
I woulda liked to have been a fly on the wall in that room....
May 15, 2012, 07:21:24 PM
Well someone needs to make up a funny transcript then.
May 13, 2012, 02:00:43 PM
http://blogs.wsj.com/washwire/2012/05/09/fed-foe-ron-paul-breakfasts-with-bernanke-at-central-bank/
Quote from: Ron Raul
we had "sort of an open discussion" but "it was off the record"
Quote from: Wall Stree Journal
The Fed declined to comment on the meeting.
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