Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
Sun Aug 11, 2013, 09:00 AM Aug 2013

Rand Paul Knows Nothing of Milton Friedman's Work

http://www.theatlantic.com/business/archive/2013/08/rand-paul-knows-nothing-of-milton-friedmans-work/278517/



Reports of Milton Friedman's death have not been greatly exaggerated. That's because he passed away in 2006. But this fact may have eluded Senator Rand Paul, who told Joshua Green of Bloomberg Businessweek in a somewhat strange interview that, if he had to pick a living person, he'd pick Friedman to run the Fed. Yeah, about that...



Now, it's not clear if Paul is just joking here, but what is clear is he doesn't know anything about what Friedman actually thought about monetary policy. See, Paul is a case of the apple not even falling from the tree. Like his father, he's no fan of the Fed, and thinks quantitative easing has only created an "illusory" recovery. So when he says he thinks Friedman "would be better than what we have," he almost certainly means that Friedman wouldn't be buying bonds like Bernanke has. And that, of course, couldn't be more wrong.
10 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Rand Paul Knows Nothing of Milton Friedman's Work (Original Post) xchrom Aug 2013 OP
He meant Friedman as in FU Fumesucker Aug 2013 #1
! xchrom Aug 2013 #3
I get the impression that Paul doesn't know much about anything. LuvNewcastle Aug 2013 #2
Come on xchrom malaise Aug 2013 #4
Beat me to it. hobbit709 Aug 2013 #5
! xchrom Aug 2013 #6
More than than... greatauntoftriplets Aug 2013 #7
+1,000 malaise Aug 2013 #9
Please, please, GOP, put this guy up from your party to run for POTUS. Jefferson23 Aug 2013 #8
rand paul knows nothing about - ANYTHING. calimary Aug 2013 #10

LuvNewcastle

(16,835 posts)
2. I get the impression that Paul doesn't know much about anything.
Sun Aug 11, 2013, 09:15 AM
Aug 2013

Ideological people don't need to know things; they just let their ideologies guide them. People like that are very dangerous if they acquire any power.

Jefferson23

(30,099 posts)
8. Please, please, GOP, put this guy up from your party to run for POTUS.
Sun Aug 11, 2013, 09:51 AM
Aug 2013

Then he can sing about returning to the Gold Standard and how his anti taxation ideas will help
the economy and the Fed should be run by someone like his Dad..since Friedman is dead.

Of course then he can explain how government is not being intrusive when it comes to his
position on abortion..none even in the case of rape and or incest. I want to hear him explain,
as a man who graduated Duke with a medical degree, how he can recognize a legal right to life
of unborn humans from the moment of fertilization!

I want to see all of this and more GOP, please don't disappoint me!


The guy is a fucking idiot.


K&R

calimary

(81,125 posts)
10. rand paul knows nothing about - ANYTHING.
Sun Aug 11, 2013, 11:45 AM
Aug 2013

If you look into the eyes of the Kentucky Pipsqueak, you see that there's nothing but deadness in there.

Latest Discussions»General Discussion»Rand Paul Knows Nothing o...