Ron and Rand Paul Question the Fed: NPR Finds It 'Shrill' and 'Ugly'
On NPR's Morning Edition on Monday, anchor Steve Inskeep welcomed a regular guest, Wall Street Journal economics editor David Wessel (from the liberal news side, not the conservative opinion-page side). The new Congress is already too "shrill" and "ugly" with libertarian argument against Federal Reserve chairman Ben Bernanke's printing money to buy government bonds:
INSKEEP: Rand Paul is a name that got a lot of attention in the election this past Tuesday. He won a Senate seat from Kentucky. But, of course, his father, Ron Paul, ran for president a couple of years back, is still in the House, and it looks like he's going to chair the committee that oversees Ben Bernanke's Fed.
WESSEL: That's right. Ron Paul, who wrote a book called "End the Fed" - so you know what he thinks ought to happen. He'll definitely give Mr. Bernanke a hard time, but he's really seen as something of an outlier. He's a Libertarian. He doesn't believe in paper money. And I don't think many of the other Republicans are quite comfortable with that view. But it will be interesting to have him in the House and his son, a senator from Kentucky, taking a seat that was vacated by another shrill critic of the Fed, Jim Bunning. So, it will be a lot of fireworks there, I'm sure.
INSKEEP: Could this get ugly?
WESSEL: Look, it got pretty ugly already. We saw the Fed accused of setting a fire and then taking credit for putting it out. We saw Ben Bernanke almost didn't get confirmed for a second term. I think it will be tense if the economy is bad, because members of Congress and the public will be looking for someone to blame, and Mr. Bernanke is very prominent right now, especially because of his decision to buy so many more government bonds.
NPR would never find someone too "shrill" in supporting, say, ObamaCare, or find they've gotten "ugly" in demonizing insurance or pharmaceutical companies. These adjectives are saved for people who are hostile to the European-style socialism favored by the government-subsidized public broadcasting elite.
- Tim Graham's blog
- Login to post comments
Comments
NPR thinks this is bad. PFFFH
Submitted by ninerdog on Tue, 11/09/2010 - 9:33am.
NPR thinks this is bad. PFFFH just wait till the House starts dismantling the liberal agenda. One budget item at a time. You want to see shrill just wait until they get the news no more government money.
right back atcha, NPR
Submitted by spepper on Tue, 11/09/2010 - 9:45am.
Right back atcha, NPR-- talk about "shrill and ugly", you guys wrote the book! (Along with a bunch of other neat adjectives: arrogant, elitist, smug, and discriminatory-- just ask Juan Williams)
You and your "fellow travelers" are perfect examples of how to gauge the effectiveness of those like Ron and Rand Paul, by the amount of "sound and fury, signifying NOTHING" directed at them.....
NPR isn't 'shrill'...
Submitted by P. Aaron on Tue, 11/09/2010 - 9:56am.
...it's just ugly.
I got an idea. Let's all
Submitted by Van Halen on Tue, 11/09/2010 - 10:01am.
I got an idea. Let's all write letters to our reps (the Conservative ones, obviously, reminding them that they need to defund the CPB from the taxpayer. No more tax money to NPR.
Why be shrill?
Submitted by jon_torlin on Tue, 11/09/2010 - 10:11am.
What's not to criticize about the Fed? They're printing a lot of money to help us, right? Nevermind the fact that doing so devalues the already devalued dollar and will probably send this country over the edge of the financial precipice. But hey, money does grow on trees and we can make as much as we want! (heavy on the sarcasm)
-Jon
Question for FED defenders...
Submitted by c5then on Tue, 11/09/2010 - 10:12am.
Without arguing if fiat currency is a good idea or not...why do we need a system whereby the US HAS to issue bonds (borrow money) in order to issue it's currency? Why can't the Treasury simply issue it's own currency free of charge? What benefit does the Federal Reserve offer to ordinary everyday Americans that the US government can't?
Madison and Jefferson and Franklin built a Republic - Roberts killed it!
Hi Liberal Scum. This is your wake up call.
Submitted by Thoreau on Tue, 11/09/2010 - 10:19am.
I have yet to meet a liberal that understands the subject in which they speak. Not just this, but any subject. Ever. At all. They are so disaffected and sociopathic, it's starting to look like mental illness to me. But that's off topic.
"He doesn't believe in paper money." No you sad, ignorant, reptilian brained, liberal twinkie.
Congress has the authority to coin currency. Which would be paper- but it would be backed by gold and/or silver. It can not be backed by paper. Because paper grows in trees- gold doesn't. Ron Paul does not want to eliminate paper money. He wants to uphold and defend the US Constitution. It was put in there for a reason. This Country, under that ratbag manically depressed socialist hooker Woodrow Wilson, began the path to Hell in 1913 with him signing the Federal Reserve Act.
So let's keep this simple. This group of private bankers calling themselves the Federal Reserve are about to collapse the value of the dollar, which means hyper-inflation which is world-wide taxation/theft.
The secondary effect is the divestiture of the dollar from all Countries. The Dollar is now the International currency. It won't even be American currency after they trigger hyper-inflation.
Third. When that cascades out, you will suddenly realize that our military can't afford to even exist in foreign countries because they won't take the Dollar. It's going to be hard to buy gas in Germany when you ain't got a Mark, and you ain't got gold.
And then that opens a path for all your islamo-communists Countries to go knocking on our their neioghbors door. China might say- "Hey! Australia has lots of land and white girls. I'll take it!" And the best we can do is wave.
The Fed is a danger because they are not accountable in any way, shape , or form. And Natural Law does not allow that- no matter what you believe. Cause and effect can't be mitigated by arrogance or "power". Gravity don't care how cool you think you are as you splatter against the ground.
excellent sir
Submitted by spepper on Tue, 11/09/2010 - 10:29am.
excellent sir--
signed,
The Gods of the Copybook Headings
day-um!
Submitted by jon_torlin on Tue, 11/09/2010 - 10:31am.
Now that was good writing. You hit the nail on the head several times.
-Jon
1.) In Germany you need Euros
Submitted by troglodyt on Tue, 11/09/2010 - 10:55am.
1.) In Germany you need Euros to pay for gasoline.
2.) You omitted, that the US Constitution does not only authorize Congress "to coin Money", but also "to regulate the value thereof". That makes your claim that following the Constitution money has to be backed up by Gold or Silver baseless, not only because these words don't appear in that part of the Constitution (nevermind that even that would not protect you from inflation).
Inflation = Tax
Submitted by okiehawk44 on Tue, 11/09/2010 - 10:38am.
Obama and the radical socialists on the left (i.e. modern Democrats) know that inflation will act like a tax on savings albeit never voted on. Borrow a dollar and pay back with a dollar worth 80 cents.
I'm betting on Germany and China smacking Ben and Barack upside the head very soon. We TEA Party types just slapped them Nov 2.
Let's get rid of the rest of this group of idiots 2012.
George Soros says it NPR repeats it
Submitted by Dotcoman on Tue, 11/09/2010 - 10:50am.
Lets remember that reciently George Soros, basically bought NPR's exclusive loyalty.
So that makes NPR the whores of that treason committing SOB.
The people at NPR were already the cheap bar sluts for Socialism, now they are the paid street walking whores for George Soros's treason too.
Thank God we don't have to see Juan Williams out there in hot pants and stripper platform pumps, letting it all hang out for George.
Dr. Ron Paul and Dr. Rand
Submitted by pwoz on Tue, 11/09/2010 - 10:58am.
Dr. Ron Paul and Dr. Rand Paul have the globalists shaking in their boots! Excellent! END THE FED!
Lame analysis Tim
Submitted by Vic138 on Tue, 11/09/2010 - 2:20pm.
When you don't have the facts to back a rebuttal you attack the messenger (we saw that during the last election cycle). 'Shrill and Ugly', is that the best you can do? NPR 'analysts' are a bunch of hacks and mental midgets that need to find a sponsor and be reduced to a single digit am radio station. End the fed?, of course. Then start looking over their books and then get the fbi involved with arrest warrants.
Answer this question, 'what does the fed do when there is no inflation to control?' Bernanke is going to destroy the dollar trying to create it (inflation) where it doesn't exist to save the banks (who really own the fed.) Deflation will kill the already weak (nearly insolvent, i.e. bac) banks and I say let them go. Unfortunately, thats where the oligarchs money (and power) is.
This is a very complicated problem and attacking the messenger is very amateurish and immature.
If npr is against it, I'm FOR
Submitted by Diesel on Tue, 11/09/2010 - 11:12am.
If npr is against it, I'm FOR it!
The Fed
Submitted by arnonerik on Tue, 11/09/2010 - 11:17am.
The Fed was sold to the American people on the premise that it would eliminate catastrophic economic downturns. Since it has clearly failed in that regard the time is overdue for us to reconsider letting European bankers control and profit from our economic destiny.
Opposing opposites
Submitted by jon_torlin on Tue, 11/09/2010 - 11:45am.
Isn't it funny how everything that this bogus administration has said or repeated told us(even cajoled, cornholed, whatever) is the exact opposite of what's happened in this country?
I could go so far to say they lied, but that's being redundant. Every time they say there's something that's going to help us, it actually hurts us and pretty bad too.
It would be more accurate to say that they are causing and deliberately so our economic downturn in a catastrophic way. The balloon hadn't gone up for that just yet, but it's getting there.
-Jon
Paper money, Whats wrong with paper money?
Submitted by Vonu on Tue, 11/09/2010 - 2:28pm.
I use it every day. And when the sup prime mess is contained, the dollar will again be worth the paper its printed on. Go Ben, keep dumping dollars from above. It matters not.