Ron Paul takes the lead in Iowa.

[Felch]

We're arguing this: "It makes more sense to discourage spending than earning." Something that you never offered any support for. "There's plenty of demand" does not prove that point or really contribute meaningfully to the discussion.

The difference between earning and spending is savings, or debt. Debt is bad, and savings are good. Do you agree with that? Because if you think that debt is better than savings, then there's nothing to discuss.

[DaShi]

"Debt is bad, and savings are good" is an irrational statement. In some cases debt is bad and in others it is good. The same with savings.

In fact, you just lost the ability to be condescending to any of us here about economics after those statements.

[Felch]

Name a case where being in debt is better than having cash on hand.

[HalfLotus]

The people who wrote it were a bunch of flaming liberals by the standards of their time. If you shared a period of history with them, they would be the very people you'd be raging against.

Are you dense on purpose or you don't know how meaning of the word "liberal" has warped in years since?

[DaShi]

When you need more money than you have cash in hand to make an investment that will generate more revenue than the cost of the debt. This is basic finance.

[Felch]

Remember, nobody can go into debt, unless someone else has savings to lend. Nobody can finance investments unless there are existing capital reserves to draw from. Do you think it would be better for bankers to buy iPads, or to loan money?

[DaShi]

Exactly, that's why we don't live in a world of absolutes like you claim.

[Felch]

Was that last post meant for some other thread?

[kentonio]

Are you dense on purpose or you don't know how meaning of the word "liberal" has warped in years since?

I'm using liberal in the modern sense for both. The founding fathers were modern day liberals by the standards of their time.

[HalfLotus]

[DaShi]

Was that last post meant for some other thread?

No need to play stupid now. Your previous posts already convinced me.

In other words, I don't have time for your nonsense.

[Felch]

If you want to unload your savings on me, I'll give you my debt. We'll both be happier.

[DaShi]

Sure, you can have my savings for 20% interest. I'll also take your debt for 1.5X it's current interest rate.

Don't say I'm not fair.

[kentonio]

Turns out Ron Paul made the mistake of admitting to writing these back in 1996, he's done.

http://www.chron.com/CDA/archives/ar...d=1996_1343749

http://www.austinchronicle.com/issue...pols.paul.html

Awesome quote from the Dallas Morning News from the time..

Dr. Paul denied suggestions that he was a racist and said he was not evoking stereotypes when he wrote the columns. He said they should be read and quoted in their entirety to avoid misrepresentation.

Good work by RonPaulSurvivalReport.blogspot for linking to these.

http://ronpaulsurvivalreport.blogspo...ewsletter.html

[giblets]

Remember, nobody can go into debt, unless someone else has savings to lend. Nobody can finance investments unless there are existing capital reserves to draw from. Do you think it would be better for bankers to buy iPads, or to loan money?

Aren't they lending the money to earn interest so they can buy a nicer, fancier iPad in the future? So how does a sales tax encourage them to lend money instead of buying an iPad right now?