[wmfights]

And this is the so-called "economic policy" expert? Puh...leeese!

The income tax has only existed since 1913. I believe he is of the mind that the Fed. Govt. should collect it's revenue from tariffs and fees.

I know there's an entire segment of folks who keep repeating that Paul is nutso on foreign policy, but that he's really sane when it comes to the economy.

I'm taking a 2nd look at him. I think he's wrong on foreign policy, but he's always been good on Life and he is absolutely right about the need to go on the gold standard and the corruption of the federal reserve. He is a free enterprise capitalist, which I am as well.

[Old Teufel Hunden]

" I believe he is of the mind that the Fed. Govt. should collect it's revenue from tariffs and fees."

That again is 19th century thinking. I don't want to get in any trade wars. I want to open up foreign markets and the best way to do that is by negotiating trade deals. That involves lowering tarriffs. I agree that the income tax (especially as it's presently set up) is wrong. I would rather see a consumption tax or if we have to have an income tax, let it be a relatively flat tax.

"he is absolutely right about the need to go on the gold standard"

More 19th century thinking. As Newt himself said, I don't want the U.S. economy to be held hostage to a gold miner in South Africa. You do realize that if the U.S. government did not hold the requisite supplies of gold to back up the currency under a gold standard, when the economy was able to expand, we could not print more money to sustain the expansion. It is right to print more currency when our economy becomes more valuable. It's only wrong to print money when our economy is stagnant or shrinking. That's when inflation creeps in and steals our wealth.

"corruption of the federal reserve"

He is right about the politicization of the federal reserve and how they are stealing our wealth. Hence why I want to see him as Treasury Sec to crack down on that.