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Five myths about Ron Paul - The Washington Post
Keywords:
Gillespie lists the myths and describes the reality about Ron Paul. Ron Paul is not a "top tier" candidate- with many Republican candidates assuming top tier status and fizzling out this has become a term that has lost meaning. Paul is a doctrinaire libertarian- he has positions similiar to libertarians but also has his own views on immigration and abortion. His views on the U.S. central bank, the Federal Reserve, such as "ending the Fed" are crazy- actually Ron Paul's legislation on auditing the Fed is gaining credibility, and Fed policy is viewed skeptically by both the Tea party and Occupy movement, as well as some in the Federal Reserve such as Kansas City Fed chairman, Thomas Hoenig, and respected economists such as Alan Meltzer of Carnegie-Mellon University.Ron Paul is anti-military- Paul has support from servicemen in the military and raised more money from them than any other candidate including Obama. Ron Paul has youth support because he is against the war on drugs- the war on drugs has not worked that well and new approaches are needed. His support among youth comes from a believing that individuals are better at making the right decisions, his idealism, and his faith in making the U.S. a better place.
Thomas Hoenig and other experts on the "too big to fail" banking crisis that hovers over the U.S. economy
09/23/2010
Former Fed Governor of the Kansas City Federal Reserve Bank for 20 years, Thomas Hoenig, has followed Fed policy over a long period. He has maintained throughout that government backing takes away an essential element in the safe and conservative practices of financial institutions by encouraging the taking of excessive risks. The only way to ensure their safety is for creditors to know they bear serious risks and for the systemically important financial insitutions to know that not following safe financial practices can put these institutions and management out of business.
Grouped Articles
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Soothing Words on 'Too Big to Fail' But With Little Meaning
New York Times 12/11/2013
BusinessWeek 09/23/2010
Wall Street Journal 05/01/2013
Banks Ordered to Add Capital to Limit Risks
New York Times 04/08/2014
Allan Meltzer's action plan for the economy includes reversing the excessive monetary easing starting now in October 2009 so that it can be done gradually and not hurt the economy through sudden contraction later on.
10/01/2009
Allan Melzer was co-founder an co-chairman of the Shadow Open Market Committee for over two decades, advisor to Presidents Kennedy and Reagan, and one of the foremost experts on the Federal Reserve System. He calls for the U.S. Federal Reserve to adopt an early exit strategy from loose monetary policies.
Grouped Articles
Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Preventing the Next Financial Crisis
Wall Street Journal 10/23/2009
Is the U.S. Economy Turning Japanese?
Wall Street Journal 10/27/2009
Economist 10/15/2009
Jobs Now, Deficit Reduction Later
BusinessWeek 10/29/2009
Allan Meltzer's soluton for the financial crisis facing euro currency countries Portugal, Spain, Italy, Ireland and Greece
05/26/2010
Meltzer says a new currency union should be setup for the northern countries France, Germany, and others who commit to financial discipline and fiscally binding arrangements. The euro currency countries such as Italy and Greece should devalue their currency to fix gaps between wages and productivity in their countries. At a later stage these countries could be readmitted to the new currency union under strict fiscally binding arrangements with enforceable sanctions.
Grouped Articles
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
New York Times 09/25/2011
New York Times 05/26/2010
Wall Street Journal 09/14/2011
IMF Chief's Change of Tune on Bank Capital
New York Times 09/14/2011
Austerity in Italy May Not End Its Jobs-for-Votes System
New York Times 09/14/2011
Criticism of Bernanke's role at the Federal Reserve
01/02/2009
The difficult renomination and the subsequent 70-30 vote with 30 Senators opposed including Boxer, Feingold, Sanders and others. This follows Ron Paul's criticisms in Congress of the Fed's role- see that link group.
Grouped Articles
Martin Feldstein: The Federal Reserve's Policy Dead End
Wall Street Journal 05/09/2013
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Fed Chairmanâs Departure Casts a New Light on the Bush Legacy
New York Times 07/26/2013
Wanted: A Boring Leader for the Fed
New York Times 08/20/2013
Wall Street Journal 09/15/2013
What's Needed in the Next Fed Chief
New York Times 09/15/2013
Lawrence Lindsey on how Bernanke's Fed has boxed itself in with no choice but to keep interest rates low and no clear exit strategy
01/04/2010
Economist Lindsey says Fed chairman Bernanke has to keep interest rates low for the U.S. government to be able to cope with the increase in borrowing costs that normal interest rates would bring. The normalized interest rate - the rate at which the U.S. government was able to borrow for the last three decades- is about 5.7%. At that rate the U.S. government would add $800 billion to borrowing costs for 2021, says Lindsey. The U.S. now borrows at about 2.5%
Grouped Articles
Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Wanted: A Boring Leader for the Fed
New York Times 08/20/2013
Reflections by America’s Buddha of Banking
New York Times 01/16/2014
Wall Street Journal 06/15/2011
Fed Darkens Its Outlook but Plans No Changes
Wall Street Journal 06/23/2011
The Deficit Is Worse Than We Think
Wall Street Journal 06/28/2011
Philadelphia Federal Reserve bank president Charles Plosser and other expert criticism of Fed chairman Bernanke's monetary policy.
01/04/2010
Plosser says the Fed cannot create jobs or retrain a workforce. In the short term the Fed can act against disinflation, says Plosser, but in the long term Fed policy such as the one being pursued by Bernanke can backfire and lead to more instability in the economy. The Dallas Fed President, Richard Fisher, expresses similiar views.
Grouped Articles
Martin Feldstein: The Federal Reserve's Policy Dead End
Wall Street Journal 05/09/2013
Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
Bravo for Bernanke and the QE Era
Wall Street Journal 01/20/2014
Wall Street Journal 01/18/2011
Wall Street Journal 02/09/2011
Evidence of "Too Big To Fail" in the US Federal Reserve's 2008 Bailout Files
01/20/2009
Grouped Articles
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Wall Street Journal 12/02/2010
Wall Street Journal 12/02/2010
Hedge Funds Tapped Rescue Program
Wall Street Journal 12/02/2010
Liquidity Facility Was Lifeline for Wall Street
Wall Street Journal 12/02/2010
Rick Perry's view of Federal Reserve policy
08/18/2011
Grouped Articles
Wall Street Journal 08/18/2011
Perry criticizes government while Texas job growth benefits from it - The Washington Post
Washington Post 08/21/2011
Policy, Geography Boost Texas Job Growth
Wall Street Journal 08/22/2011
Governor for sale - The Washington Post
Washington Post 08/23/2011
New York Times 08/25/2011
The frontrunner has no clothes - The Washington Post
Washington Post 09/13/2011
Ron Paul's proposal for Congressional oversight of Federal Reserve actions.
11/19/2009
Grouped Articles
Americans Deserve a Transparent Fed
Wall Street Journal 11/19/2009
Wall Street Journal 11/20/2009
Q&A: Oregon Democrat DeFazio Calls for Geithner’s Resignation
Wall Street Journal 11/19/2009
Fed Needs the Element of Surprise
Wall Street Journal 02/11/2010
The Fed? Ron Paul's Not a Fan.
New York Times 12/11/2010
Monetary Policy: Fed Critic Ron Paul's Power Play
BusinessWeek 12/02/2010
The Federal Reserve and moral hazard
08/29/2011
Grouped Articles
Fed Faces Old Foe as Hazard Returns
Wall Street Journal 08/29/2011
For Latin America, a Zone of Its Own
New York Times 12/09/2011
Five myths about Ron Paul - The Washington Post
Washington Post 12/10/2011
Greenspan image tarnished by newly released documents - The Washington Post
Washington Post 01/13/2012
Thomas Hoenig nominated as deputy chairman of the FDIC
09/23/2010
Grouped Articles
BusinessWeek 09/23/2010
Banks Ordered to Add Capital to Limit Risks
New York Times 04/08/2014
Banks' Critic Poised for FDIC Post
Wall Street Journal 11/18/2011
For Latin America, a Zone of Its Own
New York Times 12/09/2011
Five myths about Ron Paul - The Washington Post
Washington Post 12/10/2011
J.P. Morgan Banker Selected for FDIC
Wall Street Journal 02/06/2012
Allan Meltzer's program for the economy and advice to the Fed and policymakers in 2011-2012
08/11/2011
Allan Meltzer on the dangers of a loose monetary policy and the need for an early exit strategy.
Grouped Articles
Once Again, the Fed Shies Away From the Exit Door
Wall Street Journal 07/11/2013
Bhidé and Phelps: Central Banking Needs Rethinking
Wall Street Journal 07/16/2013
The Folly of Economic Short-Termism
Wall Street Journal 08/11/2011
This Time, Maybe the U.S. Is Japan
Wall Street Journal 08/13/2011
Kansas City Fed President Defies Conventional Wisdom
New York Times 08/13/2011
From World War II, Economic Lessons for Today
New York Times 08/13/2011
Raghuram Rajan on the risks to the U.S. economy and society before the 2008 financial crisis
01/02/2009
Is Bernanke making the same mistake made by Greenspan by keeping interest rates too low for too long. Would a stronger safety net in the US ease pressures on the US Federal Reserve to do excessive monetary easing and instead allow the Fed to let a more natural rise in employment take place? He isn't ideological and joins John Taylor, George W Bush's economic advisor, and Allan Meltzer of Carnegie-Mellon, in questioning Bernanke's excessive monetary easing. In 2005, Rajan was prescient in questioning the Greenspan Fed's policies and the risks from excessive leveraging in the financial system at the Jackson Hole conference.
Grouped Articles
Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party
Wall Street Journal 01/02/2009
Interest Rates: The Zero Percent Solution
BusinessWeek 08/25/2010
BusinessWeek 11/04/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Charting the Economic Fault Lines
BusinessWeek 02/10/2011
Wall Street Journal 02/05/2011
How much of a factor were low interest rates under Greenspan in creating a bubble in housing prices?
01/02/2009
Fed chairman Bernanke was a Fed Governor who advocated low interest rates at the time. His response. Expert opinion.
Grouped Articles
Wanted: A Boring Leader for the Fed
New York Times 08/20/2013
What's Needed in the Next Fed Chief
New York Times 09/15/2013
Fed chief Bernanke urges better financial regulation to prevent crises
Washington Post 01/04/2010
Lax Oversight Caused Crisis, Bernanke Says
New York Times 01/04/2010
The Fed and the Crisis: A Reply to Ben Bernanke
Wall Street Journal 01/10/2010
Bernanke’s Bid for a Second Term at the Fed Hits Resistance
New York Times 01/23/2010
Liquidity Trap in Japan and the U.S.
03/17/2008
With the demand curve for money horizontal further increases in the money supply do little to lower interest rates, or as in the current situation where the interest rates in the US are virtually at zero so that further increases in the money supply do little to stimulate the economy. As unemployment is growing and the financial sector weak, Bernanke and the Fed see other ways in which quantitative easing helps a recovery. Here Chritopher Woods compares today's situation in America to that of postbubble Japan. He says America is already in a liquidity trap. And the regulatory forbearance to cleanup the banking mess is similiar to that in postbubble Japan when it took the government years to get up the will and strength to straighten out the mess including breaking up the banks that are too big to fail.
Grouped Articles
Is the U.S. Economy Turning Japanese?
Wall Street Journal 10/27/2009
Economist 10/15/2009
Economist 12/30/2009
Fed’s Bullard Raises Policy Concerns
Wall Street Journal 07/29/2010
Opinions Are Split on Fed Policy Move
Wall Street Journal 11/01/2010
Ben S. Bernanke - What the Fed did and why: supporting the recovery and sustaining price stability
Washington Post 11/04/2010
Drawbacks of the US Federal Reserve's move on Nov 3, 2010, to buy $600 billion of Treasury securities (QE II).
08/12/2010
Grouped Articles
How QE 2 Could Drift Off Course
Wall Street Journal 08/12/2010
Overheard: Pension Pain From the Fed
Wall Street Journal 11/03/2010
Captain Ben Charts a Treacherous Course
Wall Street Journal 11/04/2010
Fedâs More Aggressive Move May Not Go Far Enough
New York Times 11/03/2010
Bernanke Seems to Fear Fate of Japan, Not Greece
New York Times 11/05/2010
Central Bank Treads Into Once-Taboo Realm
Wall Street Journal 11/04/2010
Growing criticism of the Federal Reserve's $600 billion QE II decision in 2010-2011.
08/12/2010
Grouped Articles
How QE 2 Could Drift Off Course
Wall Street Journal 08/12/2010
Bravo for Bernanke and the QE Era
Wall Street Journal 01/20/2014
Wall Street Journal 11/15/2010
More Presidents of Private Colleges Earn Over $1 Million
New York Times 11/15/2010
New York Fed President Defends Bond Buying Plan
New York Times 11/16/2010
Book Review - All The Devils Are Here - By Bethany McLean and Joe Nocera
New York Times 11/19/2010
Ron Paul on the Federal Reserve and printing money
10/20/2011
Grouped Articles
Blame the Fed for the Financial Crisis
Wall Street Journal 10/20/2011
For Latin America, a Zone of Its Own
New York Times 12/09/2011
Five myths about Ron Paul - The Washington Post
Washington Post 12/10/2011
Ron Paul: The Alternative Candidate is a force to be reckoned with - The Washington Post
Washington Post 12/15/2011
Ron Paulâs âGround Gameâ Gives Him an Edge
New York Times 12/16/2011
Mr. Paul's Discredited Campaign
New York Times 12/27/2011
The Federal Reserve and policies favoring banks over homeowners in U.S. foreclosures
04/01/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 04/01/2009
Geithner's Plan: Loopholes Galore
BusinessWeek 04/01/2009
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
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