Sunday, December 23, 2007

Pimp My Ride

Pimp My Ride

...Paul got to the part about the Fed. "We need a much better monetary system," he said, a system based on "sound money, money that's backed by something." Paul, who is small and delicate and has a high voice, spoke in a near monotone, making no effort to excite the audience. They cheered anyway. Then he said this: "The Constitution gives no authority for a central bank." The crowd went wild, or as wild as a group of sober Republicans can on a Monday night. They hooted and yelled and stomped their feet. Paul stopped speaking for a moment, his words drowned out. Then he continued on about monetary policy.



I'm not about to jump on the Paul bandwagon,
but as an anti-fiat money nutjob myself I do find
the phenomenon encouraging.

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