« »

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 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......
  • heathslocumSlocum Suprises All With Barclays Win Slocum has managed to finally make a name for himself after capturing the win at Barclays, the first PGA tour playoffs for the season. Heath Slocum surprised all, because he barely managed to qualify for the Barclays, and yet he managed to emerge from a crowded pack of players yesterday.......
  • Obama Barack Rasmussen Reports Aproval Index drops dips below under zero negativeAmericans Awake: Obama Approval Plummets Below Zero Sunday Paper - July 12th, 2009 It is clear now why Obama was so eager to demonize the likes of Rush Limbaugh and Sean Hannity (along with any other dissenting voices). The tactic is right from the pages of Saul Alinsky's Rules for Radicals. 10 days after Obama took office,......
  • Who is our Provider?Who Do You Trust? Why Obamacare Needs to be Repealed With so much debate in the political realm about entitlements, healthcare, fiscal responsibility and the economic crisis, what should be the proper American response? In an arena that is supercharged with opinion and emotion, where should we look for guidance as we formulate answers and plan our actions? As Americans......
  • 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.......
Categories : Economics

Leave a Reply