Nuggets of Wisdom

Friday, December 23, 2011

Fed Apologism = Unintentional Comedy

With Ron Paul railing against the Federal Reserve in his presidential campaign, and the Republicans trying desperately to mimic his “End the Fed” rhetoric, it was only a matter of time until someone would “Defend the Fed.”

Enter Salon columnist Gary Weiss.

In his recent column Ron Paul’s wacky but influential Fed policy, Weiss argues that, even though the Fed has been responsible for funneling trillions of dollars in secret funds, Americans should not be tempted by Paul’s’ “radical ideology” to “End the Fed,” which had once only been held by “ultra-right groups like the John Birch Society” (or ultra-left politicians like Dennis Kucinich).

But, you know, it’s really hard to take this column (which could easily have been written for the humor section) seriously when this is the opening paragraph:
The Republican Party, falling deeper into the clutches of Ron Paul’s radical ideology, has a new item on its anti-populist agenda: Castrate the Federal Reserve so that it no longer can promote job growth.

ROFL! What job growth?

I’m sorry! I’m laughing way too hard to continue reading, let alone typing. If you want a good refutation of this column, just go to the comment section and read some of the comments left by intelligent libertarians.

I'm sorry, but—LOL!