I Thought Ron Paul Was the Candidate of Big Business
by Thomas E. Woods, Jr.
by Thomas E. Woods, Jr.: My
Interview with The Primal Blueprint's Mark Sisson
the 2012 campaign, we had to listen to naive progressives who thought
Ron Paul was the obvious choice for big business, since after all
he favored competitive markets, lower taxes, etc. Somehow they missed
that Dr. Paul opposed all bailouts, opposed all corporate welfare,
and wanted to shut down Bailout Inc., the Federal Reserve. For reasons
that to this day have not been made clear, this counted for nothing.
for nothing is the fact that virtually every Wall Street firm you
can think of would, in the words of Albert Jay Nock, see the whole
world burn down before they would accept a pure free market. They
want a system that benefits them.
Michael Jones, CIO of Riverfront Investment Group, explaining on
election eve, as the re-election of Obama is looking increasingly
likely, why the market will be relieved that no sound-money
person like a Ron Paul will be appointed to the Fed. (By the
market he doesnt mean the array of voluntary exchanges
in society; he means the parasites that need non-market institutions
like the Fed in order to survive.)
thing youve definitively and undeniably taken off the table,
is whomever [sic] replaces Bernanke is 2014 will be every bit
as committed to monetary accommodation as Bernanke is. So theres
no chance of a Jim Grant, Ron Paul, hard-money advocate at the
Federal Reserve at the end of Bernankes term and thats
a tremendous reassurance to the market.
wins, which is looking likely, the fiscal cliff is on the table,
hard money is off the table, and net-net, I think the market will
say, Well, we never were that scared about the fiscal cliff
anyway, and isnt it going to be great to have Bernanke at
the Fed for the foreseeable future.
with permission from TomWoods.com.
E. Woods, Jr. [send him
mail; visit his
website], a senior fellow of the Ludwig von Mises Institute,
is the creator of Tom
Woods’s Liberty Classroom, a libertarian educational
resource. He is the author of eleven books, including the New
York Times bestsellers Meltdown
(on the financial crisis; read Ron Paul’s foreword)
Politically Incorrect Guide to American History, and most
© 2012 Thomas
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