"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Saturday, February 18, 2012

Ron Paul And William F. Buckley

Ron Paul and William F. Buckley discussing a Constitutional Republic and the necessary evils of government. In 1988, Ron Paul was running as a Libertarian Presidential Candidate.  Consider this exchange documented below:
Ron Paul: A $220 Billion dollar deficit last year by "conservatives?" I mean, there's something wrong going on here.

Ron Paul: That's why they need the federal reserve system - in order to monetize all of this debt as well.

William F. Buckley: Well, you don't have to monetize the debt as long as you have foreign capital willing to to take it up.

Ron Paul: They do monetize a bit of it too, but what happens when Japan quits buying our debt, which they probably will soon, and then there is going to be a monetary crisis on top of a stock market crisis?

William F. Buckley: When that happens, you can run for office and be elected.
Part 1

Part 2

Part 3

Part 4