I'm endorsing Ron Paul
Not for President but for Secretary of the Treasury:
Currently, of course, we can't follow the money supply with M3 but we can follow one of your statistics, which is the MZM -- the ready cash available -- and we see that inflation is alive and well. That money supply figure is going up about 20 percent per annualized.
And this just means that the dollar gets weaker. And everybody says, well, the dollar is -- that's great. Dollar weaker, we're going to have exports. And that is a fallacy -- maybe for a month or two, but it just invites inflation.
It's too bad he's such a wild-eyed isolationist when it comes to foreign policy!
I don't think he could get rid of both the Federal Reserve and the IRS, but it would be fun watching him try.
Currently, of course, we can't follow the money supply with M3 but we can follow one of your statistics, which is the MZM -- the ready cash available -- and we see that inflation is alive and well. That money supply figure is going up about 20 percent per annualized.
And this just means that the dollar gets weaker. And everybody says, well, the dollar is -- that's great. Dollar weaker, we're going to have exports. And that is a fallacy -- maybe for a month or two, but it just invites inflation.
It's too bad he's such a wild-eyed isolationist when it comes to foreign policy!
I don't think he could get rid of both the Federal Reserve and the IRS, but it would be fun watching him try.