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Frank Roche, "Inflation is a good thing, it's how we become wealthier" = Economics 101 FAIL

Posted on 04/27/2010 2:45:14 PM PDT by saigafreak

WWJD to this moneychanger?



TOPICS: General Discussion
KEYWORDS: ncarolina

1 posted on 04/27/2010 2:45:14 PM PDT by saigafreak
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To: saigafreak

Source? (And identifying who FR is might help some non-NC Freepers as well.)


2 posted on 04/27/2010 2:46:49 PM PDT by 9YearLurker
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To: saigafreak

Well, I’m glad someone finally figured this out!! All they have to do is raise the minimum wage to $500 an hour, and we’ll all be rich. Jeez! You’d think these Nobel Prize winners would have grasped this a long time ago.


3 posted on 04/27/2010 2:54:05 PM PDT by ClearCase_guy
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To: saigafreak; All

link to youtube vid. About 30 seconds in. what a maroon!

http://www.youtube.com/watch?v=dtfyNjgOeUU


4 posted on 04/27/2010 2:55:50 PM PDT by dynachrome (Barack Hussein Obama yunikku khinaaziir!)
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To: saigafreak

WTF!!!!!!!


5 posted on 04/27/2010 2:59:04 PM PDT by Minus_The_Bear
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To: saigafreak

Who is this clown and where is he running?


6 posted on 04/27/2010 3:00:00 PM PDT by Minus_The_Bear
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To: saigafreak
Some, moderate inflation in an expanding economy is normal and a consequence of a good thing.

(In generalities)
Long term high inflation crushes economic growth. Any firm doing business over a longer time has difficulties because the cost varies so much. Imagine attempting to manage a project that is complex and over several years in a world with highly variable costs. Inflation makes it difficult to start up and grow a firm because interest rates usually explode and borrowing money becomes too expensive........ Inflation is a common consequence of a rapidly growing economy and it can be acceptable, but in and of itself, inflation is never a desirable or good thing unless your a debtor in that society at a fixed rate and can watch as your debt inflates away over time. Inflation benefits those that have debt, it punishes those that saved. It hurts those on fixed incomes and retirements like the old, but those on the government dole see cost of living adjustments. High unpredictable inflation causes people to move their money into more stable/hard currencies. If it gets far out of control as in some Latin countries, money all together becomes nearly meaningless and people begin to barter.............. Look at inflation like the side effects of chemo therapy. The ill feeling, the hair loss isn't nice, but you're willing to accept those things because of the benefits the treatment will bring. Inflation at times is the consequence of a healthy economy growing, but it can also be the consequence of botched up monetary and fiscal policies and enter the economy even though their is no real growth to show for. -IMHO

7 posted on 04/27/2010 3:09:13 PM PDT by Red6 (Where's my stuff? I want some more stuff too Mr. President!)
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To: saigafreak

He is right if you limit his statement to “inflation is how the ruling class gets wealthier.”


8 posted on 04/27/2010 3:09:18 PM PDT by ModelBreaker
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To: saigafreak

Inflation punishes those who save money and spends smartly such as staying out of debt while going into debt is well rewarded.


9 posted on 04/27/2010 3:17:01 PM PDT by CORedneck
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To: saigafreak

“Inflation is a good thing, it’s how we become wealthier”

So money does grow on trees.


10 posted on 04/27/2010 3:24:57 PM PDT by Tublecane
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To: saigafreak

Welcome to Free Republic!


11 posted on 04/27/2010 3:41:34 PM PDT by ProfoundBabe (RightyPics.com)
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To: saigafreak

I am very disappointed in Frank Roche. If it wasn’t his area of expertise, I might overlook this statement.
I’m going to take a look at the other Republican running in this race.


12 posted on 04/27/2010 3:42:33 PM PDT by FR_addict
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To: saigafreak

Strictly speaking, moneychangers were participating in deflation, not inflation.


13 posted on 04/27/2010 3:56:10 PM PDT by rmlew (There is no such thing as a Blue Dog Democrat; just liberals who lie.)
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To: saigafreak

I went back and read his website.
http://www.rocheforcongress.com/about/

He does sound good.
I hope this was just a glitch. He should have know better, but he is strong on all the conservative issues.


14 posted on 04/27/2010 4:03:19 PM PDT by FR_addict
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To: All

My apologies on my incomplete posting

Frank Roche is running in the 4th against BJ Lawson. BJ is endorsed by the RLC whereas Roche is basically your run of the mill Federal Reserve apologist.

http://www.youtube.com/watch?v=dtfyNjgOeUU

Here is the elitist moneychanger on the Federal Reserve:

http://www.youtube.com/watch?v=ic6EEAIvLn0


15 posted on 04/27/2010 4:12:33 PM PDT by saigafreak
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To: FR_addict

Um...I don’t know about that.

Roche is also a Federal Reserve apologist and an advocate of “managed capitalism”.

http://www.youtube.com/watch?v=ic6EEAIvLn0


16 posted on 04/27/2010 4:17:27 PM PDT by saigafreak
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To: saigafreak
For the benefit of FReepers outside North Carolina, this involves the 4th Congressional District of NC, a primary to go against Rep David Price (D-Muslim Brotherhood) in the fall. In it, Frank Roche a conservative newcomer, is going up against BJ Lawson, a Republican who lost to David Price last time around.

I'll admit to being partial to Roche but I don't think it's just a coincidence that the OP has been here 8 days and just happens to link to a hastily-edited video posted buy a fella subscribed to Roche's opponent's tube account (PBrady13 subscribed to LawsonForCongress).

In the immortal words of the Fox News of yore, "We Report, You Decide"

17 posted on 04/27/2010 4:19:06 PM PDT by ProfoundMan (Time to finish the Reagan Revolution! - RightyPics.com)
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To: ProfoundMan
http://www.lawsonforcongress.com/issues/protect-life-family-and-freedom-to-do-good

I have been partial to Roche too, but Lawson does sound good too. I met Frank and liked him. It sounds like we have a choice between two strong conservatives.

18 posted on 04/27/2010 4:22:59 PM PDT by FR_addict
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To: saigafreak

Just listened to your The Federal Reserve video.
I didn’t watch the debate at the time.

Lawson was much better and I have to agree that Roche was an apologist for the Fed Reserve.

Thanks for sharing.


19 posted on 04/27/2010 4:35:41 PM PDT by FR_addict
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To: FR_addict

No problem. I’m still getting used to using FR so bear with me on the double posts (didn’t see they had to be approved before appearing).

Yes, I am a Lawson supporter so my opinion might be somewhat biased. Lawson isn’t perfect by any means. He’s “slipped” by mentioning carbon credits, but he has most emphatically stated that that he opposes cap & tax and that local carbon taxes should REPLACE an income tax. Roche supporters would likely capitalize on Lawson’s slip by trying to equate Lawson with Al Gore or Obama (a complete joke). On the flip side, Roche has never advocated the elimination of the income tax system. Basically, you have a RLC endorsed candidate (Lawson just received his RLC endorsement a day or so ago) versus an establishment Republican. I posted this on the RLC forum specifically to inform people on the choices in the 4th, whether they felt like contributing or not. Some FRers will still feel the need to back Roche, and that’s cool too. I most certainly will not.


20 posted on 04/27/2010 4:58:21 PM PDT by saigafreak
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To: saigafreak

If this article is true, Lawson has views I don’t support:

http://en.wikipedia.org/wiki/B.J._Lawson

Lawson has said that alternatives to a federal income tax should be looked into, including a carbon tax

against legislation such as the USA PATRIOT Act and the death penalty

Lawson is against the Iraq War and against the federal War on Drugs.[4]


21 posted on 04/27/2010 5:04:37 PM PDT by FR_addict
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To: FR_addict

Also in the article above:

Lawson opposes a constitutional amendment banning same sex marriage


22 posted on 04/27/2010 5:06:30 PM PDT by FR_addict
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To: saigafreak
Roche supporters would likely capitalize on Lawson’s slip

We do at least have the good taste not to try to capitalize on 30 seconds of video.

by trying to equate Lawson with Al Gore or Obama

or Ron Paul.

23 posted on 04/27/2010 5:24:40 PM PDT by ProfoundMan (Time to finish the Reagan Revolution! - RightyPics.com)
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To: FR_addict
If he's for a carbon tax, he seems to be disingenuous. He's not for cap and trade, but he would consider a carbon tax. On the video you linked to, he said it was inexpensive energy that made our country great. Now he is considering taxing carbon (energy usage).
24 posted on 04/27/2010 5:30:33 PM PDT by FR_addict
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To: FR_addict
On his website, Lawson says:
“defining marriage is the job of churches, not of government.”

Who does he think is going to allow gay married partners to adopt. The government is going to allow gay married partners to adopt, not the Church. We just had a case in Durham, NC where a Duke University employee adopted two children with his partner. He raped the 5 year old black child and offered to provide the child on the Internet to other like-minded monsters. Never heard the final outcome of this case. I don't really care if two gays “marry”, but it throws the door wide open for gay adoptions, which I do oppose.

25 posted on 04/27/2010 5:44:45 PM PDT by FR_addict
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To: saigafreak

“local carbon taxes should REPLACE an income tax”

So he’s an eco-freak.

Next. Can we get some real conservatives in here?


26 posted on 04/27/2010 7:36:34 PM PDT by BenKenobi
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To: FR_addict

“against legislation such as the USA PATRIOT Act and the death penalty

Lawson is against the Iraq War and against the federal War on Drugs.”

Yup. That’s why the RLC endorses him.

Personally, I’d rather have a tax on consumption than on income even if it’s in the form of “carbon”. Like I said, BJ does not endorse cap & tax and has repeated his position there.

There are going to be FRers who support the unPatriot act and those like myself who are against it.

Since BJ is a fiscal conservative, it’s perfectly consistent with his views on the Iraq war IMO. Without a Federal Reserve, it would be impossible to fund foreign ventures such as this. So either you must support war&inflation or you must be opposed to it.

As for the war on drugs, that’s a no brainer for anyone who is an RLC supporter.


27 posted on 04/27/2010 8:11:28 PM PDT by saigafreak
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To: ProfoundMan

Hello all. My handle on youtube is “PBrady13”, and yes, I was the one that made the video. I’m surprised at how much steam it gathered, but that also means needing to clarify some.

A few things:

1) Yes, I am a Lawson supporter. Before he announced he was running, I was volunteering for Roche (I even had videos up for him on youtube, and obviously at the time was subscribed to him), and donated to him as well. Once BJ announced he was running, I carefully looked at both and decided to head to BJ’s camp. I would like to think that I’m somewhat impartial in this regard.

2) Yes, the video is “edited”. That’s kind of the point. I don’t think it would manage to get that many views (or get my point across) if people had to sift through the whole 9+ minute long video. If you watch the whole video (which is available for all to see on his youtube page), you’ll see that all pertinent information was taken IN context. That was the purpose of having that ~20 seconds of lead in. As for the “hasty” part...well...that’s all I could manage in between classes :-)

3) Was this just a gaffe or something bigger? I don’t know. In an effort to distinguish himself from BJ, he’s said some things that I couldn’t help but think were mistakes, but he has repeated them several times over. “Managed capitalism”, as someone already mentioned, is one example. “I’ve never lost to David Price” is another. The last one off the top of my head would probably be how he blames the Federal Reserve’s problems on the fact that it is “made up of human beings”. It is because of this reoccurring theme that I finally decided to make a video.

Hopefully that clears some of this up.


28 posted on 04/27/2010 8:14:59 PM PDT by Indy Vidual
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To: Indy Vidual

Good of you to step up and jump in. My objection with this post was with the “drive-by” way Frank was slimed, not the video. I may not agree with your view but I think we can agree that either candidate come May 5th is better than 2 more years of Price.

See you at the polls.

And welcome to FR.


29 posted on 04/27/2010 8:55:24 PM PDT by ProfoundMan (Time to finish the Reagan Revolution! - RightyPics.com)
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To: saigafreak

If Roache wasn’t in the Temple, Jesus would tell a parable to correct him.


30 posted on 05/08/2010 8:21:03 PM PDT by Clintonfatigued (Obama's more worried about Israelis building houses than he is about Islamists building atomic bombs)
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