BannerFans.com
« »
Nov
06

A Simple Lesson in Economics from “Doctor No”

By J. Edward Nelson

I recently came across this short video clip from the Republican presidential primary debate, which took place at the University of New Hampshire on September 5, 2007. In the debate, 2008 presidential candidate Congressman Ron Paul explains to a panel of Republican candidates, as well as the national audience, why gas prices had more than doubled at that time.

This video reminds me of why I became such a big admirer of Dr. Paul (formerly a practicing physician, whose adherence to limited government and sound money principles has caused many in the media to give him the moniker “Doctor No”) and frankly, why I quickly came to identify as a Libertarian.

I watched a majority of the 2008 presidential debates – both Republican and Democrat – and no other major party candidate, in my opinion, could articulate his or her thoughts concerning the economy, the national debt, which he predicted was unsustainable foreshadowing the eventual economic collapse, the wars in Iraq and Afghanistan, our monetary system, and the Constitution, just to name a few, with the expertise that Congressman Paul was able to do every time he stood within the glare of the national spotlight.

At the time, I hadn’t ever witnessed a living politician speak so candidly, with such common sense and explain complex issues so simply.  Nor seen a more unassuming public figure attain a near cult-like following from discussing, of all things, the U.S. Constitution.

The numerous postings of “Doctor No’s” videos on youtube have caused many Americans to agree with the above sentiment, and hope that he will not be the last politician which so many can legitimately hold in such high esteem.  His son, Rand Paul, also a medical doctor, is running for a 2010 Senate seat in Kentucky.

 

 

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Blog Traffic Exchange Related Websites
  • blog traffic exchangeAn Interview with Economist Peter Navarro on the Economic Crisis Peter Navarro, Ph.D. is a professor of economics and public policy at the University of California, Irvine, and a regular contributor on CNBC. I first learned about Professor Navarro when I reviewed his audio course Principles of Economics: Business, Banking, Finance, and Your Everyday Life. Later, I discovered that Prof.......
  • blog traffic exchangeLitany In Honour Of Saint Paul Charity of the Father, save us. Grace of our Lord Jesus Christ, vivify us. Communication of the Holy Spirit, sanctify us. Blessed Paul, Pray for us. You who obtained the mercy of God, Pray for us. You in whom the Son of God was revealed, Pray for us. You who......
  • blog traffic exchangeProtandim Scam? [About a year ago, I wrote an article about LifeVantage Protandim. I noticed some things that looked fishy about the company. However, my main goal with writing about it was to point out how sleazy the MLM industry can be. The guy that was begging me to buy into his......
  • blog traffic exchangeAnother Case For Gold Today's post is an excerpt from What If Stocks Were Priced In Gold? posted at Experience Is Everything. While the post is incredibly interesting it is rather long. The portion I've quoted explains why gold will likely outperform the dollar and stocks over the next few years. It follows that......
  • blog traffic exchangeAnd That is How a Conference is Rocked! Yesterday I mentioned briefly that I went to the first Finnacial Blogger Conference. I only mentioned a few points because my head simply couldn't organize things. Here are 10 things that I took away from the conference: Write for Readers - This was the big message that J.D. Roth from......
Categories : Economics

Leave a Reply