Monday, August 30, 2010

The Tinfoil Hat Isn't Very Attractive

FLG has never been that into Ron Paul. This is mostly because Mr. Paul has a disturbing tendency to wear tinfoil hats. Bruce Bartlett looks at the most recent example; he wants to audit the US gold supply.

You know, FLG wasn't completely truthful. He used to find Ron Paul intriguing, back when FLG watched the X-Files and was into conspiracy theories. Eventually, FLG realized that all those conspiracy theories end up with blaming the Jews and disavowed his previous conspiracy theory beliefs.

And just from a practical perspective, if you believe, as FLG does, that the government is very bad at doing anything besides bringing lots of resources to bear in a short period of time without much worrying about costs, then the idea of running decades long conspiracies seems ridiculous even with the help of reptilian aliens.


George Pal said...

Forget tinfoil hats and gold. Tell me about the brass hats wanting to audit the FED (in toto) - with these points in mind.

1. Sometime in June and before Congress, Bernanke was clearly hostile to a Fed audit; he said:

"My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."

2. Hasn’t this ship, “highly destructive to the stability of the financial systems, the Dollar, and our national economic situation” sail... err sunk? In view of the greatest economic meltdown in the history of history wouldn’t full disclosure - theory, decision-making, drinking/smoking habits, be called for?

3. Article 1 Sec 8 U S Constitution

The Congress shall have power… To coin money, regulate the value thereof, and...

Now Congress, having substantial decision-making powers over the decision-making powers of a quasi-independent Fed, is the stuff of nightmares.

3. My personal opinion/prejudice is Fed and gold auditing proceed the day after the final reports of triple blind audits of each individual Congressman are made public - but that’s just me.

The Ancient said...

In the 1970s there was a man in a tinfoil hat who haunted the northwest corner of Connecticut and L Streets -- not too far from the Agency's downtown office.

He was never noisy but he often carried posters complaining that he had been the victim of some vague kind CIA experimentation.

(I can't say what he expected to gain from the hat when the real problem was almost certainly with
the miniaturized transceivers that had been placed inside his molars.)

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