What exactly do you expect coming from Fed economist who knows he has no way of debating the facts with Paul and that hardly anyone believes them any more? They must turn to unfounded attacks and baseless insults because that is all they have left.

Now I do have a question for anyone here who would be kind enough to give me a thorough answer.

Per se we return to a gold standard for currency as Ron Paul proposed, how would prices fall? For example something now costing $20 dollars how much approximately would it cost on the gold standard?

Well, ummm, he's kinda right, ya know?

I will worry that Dr. Paul's statement is wrong when a non-fed economist comes out and challenges the statement and/or book.

Economic dogma is not to be questioned. Especially by someone who walks among the cabal of supporters of the paradigm that keeps their 'status quo' predictable.

I can't imagine how those supporting the current economic travesty can simply forgo history as a consideration of the facts.

The Federal Reserve bank was secretly created by a private banking cartel and the political appointees that were loyal to them. The secrecy became fraud as they literally purchased the media to control their editorial policy, ensuring the public were unlikely to ever be exposed to the question "How 'Federal' is the Federal Reserve Bank?"

Somehow, they expect the American people to simply overlook that the official story is intended to convince us that "we [the people]" wanted this private banking cartel to have a monopoly on currency and setting credit ratings.... as if we were given a choice. In the dead of the night, during Christmas recess, they seized the power (some say with malice of forethought purposefully neglecting State's actual voting records) - while surrendering to them, the power to tax the fruits of our labor, then subsequently gave to them via the IRS the power to compel the surrender of that wealth for which we traded our labor.

We are likewise expected to accept the nature of "banking" in their wisdom (fractional reserve lending) which multiplies their actual holdings "by fiat" and allows them to leverage unrealized profits into wealth, is sound. Yet it repeatedly succeeds only in redistributing wealth to the bank and bankers associates. They create a meme that sets up a 'laugh curtain' against any who dare challenge the institution; and malign any notion of reversing the direction or severity of the redistribution as 'communistic' or 'socialistic' ignoring the hunger and suffering their 'entitlement' to wealth causes.

Their monopoly is the cruel joke... and the politicians are slaves to it. The golden rule.

The entire construct is suspect. I for one, would refrain from characterizing people who challenge it.... the people who challenge it are not the problem... the Fed is the problem.