All this has become relevant because of Ron Paul, of course. He is not the man Patriots think he is. In 2001, he said, There's nothing to fear from globalism, free trade and a single worldwide currency.... The effort in recent decades to unify government surveillance over all world trade and international financial transactions through the UN, IMF, World Bank, WTO, ICC, the OECD, and the Bank of International Settlements can never substitute for a peaceful world based on true free trade, freedom of movement, a single but sound market currency, and voluntary contracts with private property rights.... The ultimate solution will only come with the rejection of fiat money worldwide, and a restoration of commodity money. Commodity money if voluntarily and universally accepted could give us a single world currency requiring no money managers, no manipulators orchestrating a man-made business cycle with rampant price inflation." -- Ron Paul, Congressional Record, March 13, 2001
Paul says gold will keep Government spending in check. He wants to cut Government spending, but is unable to explain how this would lead to different results than what we have seen in Greece: an imploding economy with a withering tax base and even higher deficits as the predictable result.
In the debate you see the Keynes-Austrian Dialectic: Spending versus Austerity. Both ignore interest, which is the hidden common ground.
People like Webster Tarpley and Paul Krugman want the Government to reflate the economy. This is correct, but the risk is that it will kill the patient which is suffering from intolerable debt service levels as it is. They both skillfully avoid the monetary system itself, let alone interest.
That's why they can't really put up a fight against the Austrians. If the economy were reflated with either debt free money, or interest free credit, the problem would be over instantly.
It is too bad Ron Paul has managed to hijack the Patriot Movement. His constitutionalism, his peaceful intentions, his $1 trillion austerity drive combined with his modest demeanor have managed to convince many discerning and well meaning people.
His rise and the sycophantic worship that he receives is eerily similar to that of Barack Obama in 2008.
Ron Paul's a deep cover operative, going along with a supremely devious master plan, either as co-conspirator or dupe, makes no difference. The thing we who are awake and aware is to use the momentum Ron Paul's generating to make REAL reform, REAL progress. Something Paul won't do by himself, he has to be forced. Forced to build grassroot political campaigns so the Freedom Movement isn't dependent on a devious old man who relies on a kindly image to push austerity and debt slavery while waving the American Flag. We've had enough of those.
Full article here: http://www.henrymakow.com/austrian_economics_is_masonicjewish_e.html