I don't know if you happened to catch it live, but mainstream financial financial crack dispenser Larry Kudlow on CNBC interviewed Ron Paul and lauded him on tongue-lashing Bernie (Willie Wonker) Bernanke on fighting inflation with more inflation.
Kudlow even went so far as to bring up Friedrich von Hayek.
And he gave Ron time and opportunity to talk his plans to allow gold and silver to compete with the dollar as alternate currencies by taking off the capital gains taxes that the government currently imposes.(1)
Watch it for yourself:
First the Berlin Wall, Now the Information Wall
I was born and raised in West Germany in the late '50s. All of my life, I thought "The Wall" would never come down. When it happened, I could not believe my eyes.
Now, it is happening all over again, right in front of my eyes, and I still can't believe it. Is it for real - or is it just a head-fake from the financial establishment?
Actually, there is a strong indication that there are a lot of closet free-marketeers out there - a whole lot more than any of us realize. We shall see. The future will certainly tell us.
As Paul continues to gain traction against all expectations and against all predictions from economic and political barnacles - excuse me, oracles - economic views of mainstream reporters, pundits, and analysts will swing around 180 degrees. In five or ten years or so, you won't find a single one of them willing to admit they once held the views they have been espousing as financial dogma, so far.
The truth is that the rising gold price makes it kinda hard to defend their old views. They know that.
Alex Wallenwein Editor, Publisher The EURO VS DOLLAR MONITOR Just like driving your car, investing only makes sense if you can see where you are going. The Euro vs Dollar Monitor is your golden windshield wiper that removes the media's crud of financial misinformation from your investment outlook. Don't drive your investment vehicle without it!
November 9, 2007
(1) By taxing gold's capital gains, ull circulation of gold and silver as currencies is utterly foreclosed. Although there are few if any 'crackdowns' on normal people buying and selling with online gold and silver currencies, the very fact that th taxes are in fact imposed acts as a 'prior restraint' of sorts."