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Location: Currently I physically reside on the 3rd planet from the sun
2,220 posts, read 1,879,868 times
Reputation: 886
Quote:
Originally Posted by MTAtech
So? In 1965 the average person earned a few thousand a year. If what Ron Paul is trying to show is that gasoline prices have more or less kept up with inflation, then he succeeded.
As you can see, current gasoline prices are about where they were when Republican Saint Ronald Reagan was President:
You get it.
Ron Paul's message is all about the devaluation of the dollar and the instability of a fiat currency.
So? In 1965 the average person earned a few thousand a year. If what Ron Paul is trying to show is that gasoline prices have more or less kept up with inflation, then he succeeded.
As you can see, current gasoline prices are about where they were when Republican Saint Ronald Reagan was President:
Has your boss given you a raise everyday, to stay up with inflation?
Keep the printing presses going and everyone will be in the poor house, by the hand of the hidden tax of monetary easing, printing money when you need to pay off a debt.
I wish I could do that, but they would put me in prison for counterfeiting.
Yes, of course! I know is subsidized. But what you have not realized yet is that the subsized cost of gasoline is actually $.01 at the pump. But if the program to subsidize gasoline is eliminated the actual cost would be between $.05 or $.06 cents. In addition, you're missing the point. Even if you ten fold the price, it would still be way under your $3.40 a gallon (national average).
I'd love to see your detailed cost analysis for how you get an unsubsidized cost of gasoline that should be 5 or 6 cents per gallon. I'm in a related engineering field and if that's true you've managed to accomplish something that millions of scientists and engineers could never do. That or you're just a guy on the internet who doesn't have a clue.
I wear my Ron Paul t-shirt proudly - I am one of the few intelligent Americans
Nobody is saying Ron Paul isn't intelligent. He was smart enough to get through Med school. That doesn't mean he's right, which he isn't.
Anyone that says that the government has no role in regulating food, drugs, safety, health, pollution, etc. is ignoring history. There was a public cry to regulate these areas precisely because the private market did not self-regulate.
In the 1960s, there was no voluntary move to add seat-belts, padded dashboards or laminated safety glass to cars; people were dying because of unsanitary foods; birth defects were caused by untested drugs; the air in LA was unbreathable and Lake Erie caught fire from the amount of flammable waste dumped into it.
Ron Paul intentionally ignores the lessons of history because history conflicts with his ideology.
I'd love to see your detailed cost analysis for how you get an unsubsidized cost of gasoline that should be 5 or 6 cents per gallon. I'm in a related engineering field and if that's true you've managed to accomplish something that millions of scientists and engineers could never do. That or you're just a guy on the internet who doesn't have a clue.
If not for the Federal Reserve, a loaf of bread would still be a nickle.
Gas would be .14¢ a gallon today.
Need me to explain how?
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