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

[Steve Bruns]

Bill  Mitchell says that  neither Paul, Baker or Mankiw know what  
they're talking about -

In his latest blog (July 3, 2011) – A Good Exam Question – Mankiw  
pokes fun at so-called progressive Dean Baker who wrote a column  
recently in The Republic (July 2, 2011) – Ron Paul’s Surprisingly  
Lucid Solution to the Debt Ceiling Impasse – where as the title  
suggests he thinks ultra-conservative US Republican politician Ron  
Paul is onto something good.

The truth is that none of them – Mankiw, Baker, or Paul – understand  
how the banking system operates.

full at:

http://bilbo.economicoutlook.net/blog/?p=15141&utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economicoutlook%2FFYvo+%28billy+blog%29

On 4-Jul-11, at 6:36 AM, Marv Gandall wrote:


> 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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