[lbo-talk] Fwd: NeighborWorks America homeowner assistance program

Marv Gandall marvgand at gmail.com
Mon Jul 4 06:36:28 PDT 2011


Paul's libertarian friends are not amused...

http://gregmankiw.blogspot.com/2011/07/good-exam-question.html


> Then there's this from Ron Paul via Dean Baker:
>
> Ron Paul’s Surprisingly Lucid Solution to the Debt Ceiling Impasse
> By Dean Baker
> The New Republic
> July 2, 2011
>
> Representative Ron Paul has hit upon a remarkably creative way to deal with the impasse over the debt ceiling: have the Federal Reserve Board destroy the $1.6 trillion in government bonds it now holds. While at first blush this idea may seem crazy, on more careful thought it is actually a very reasonable way to deal with the crisis. Furthermore, it provides a way to have lasting savings to the budget….



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