Do Ron Paul supporters actually understand anything about economics?

No. And they don't understand that the best examples of countries that have none of the institutions, programs and government services he would do away with are Somalia and Haiti. We live in Bedford Falls and he wants us to live in Potterville.

Milton Friedman doesn't understand economics? He was arguably the smartest economist in HISTORY!

I would obliterate you in an economic debate, send me a message, I dare you. Milton Friedman understands economic graphs, and the thing YOU don't understand is not everything needs to be complicated. Do you think Ivy League business professors could go out and create a Fortune 500 business with their highly complex graphs?

Furthermore, I will use investing as an example because I am investor. Do you think Warren Buffett uses calculus and highly complex derivatives to find investments? Are you RETARDED?

I am a Ron Paul supporter when it comes to economics, but overall I support Mitt Romney. Most Ron Paul supporters know nothing, but some do.

Yes, we do, which is WHY we support Paul. If you think we don't understand economics, why not name some examples of our mistaken beliefs and counter them with logic and evidence instead of baselessly mocking us like an upset child?

Gladiator, once again, you are dead wrong on the history leading up to the crisis. There was no deregulatory trend apart from the repeal of Glass-Steagal. Quite the contrary, the federal government forced banks to lend to people who couldn't afford the housing loans, while the Federal Reserve kept interest rates at about zero, making for easy credit, which in turn created the illusion to investors that there was abundant capital for investment in new housing (which was wasted because the bubble burst, triggering the recession). On top of that, government sponsored enterprises Fannie Mae and Freddie Mac were by far the biggest purchasers of these faulty mortgage-backed securities.

In short, the government and politicians' meddling, inept attempts to secure more poor people's votes crashed the economy. None of this could possibly have happened if the government didn't insist on trying to micromanage mortgage lending.

Do Ron Paul supporters actually understand anything about economics?

No.They understand broadly, like most young Libertarians, that Paul is for less government regulations, being that most Paul-bots feel they're more enlightened and intelligent they feel, like the followers of Ayn Rand; that the only thing holding them back from being the ubermench and ruling over the lesser masses are government regulations. It's the same thing that makes goths think they're smarter than other kids. They can use bigger or more adult words in conversation, even if they wouldn't really agree if they understood the full meaing of the term or terms.

Wow reading a graph, sounds complicated.

One doesn't need to be an economist to realize that paying 230 Billion every year in debt interest doesn't help the economy and that eventually ppl are going to stop lending us money when they realize we cant pay them back.

Yes SOME Ron Paul supporters are a little overzealous and weird, but that is irrelevant to the issue at hand.

In college I found both macro and micro economics boring and extremely simple.

When the basis of your economics is still an ancient fascination with a certain shiny metal (ie the same basis as alchemy) then you seriously have to worry.

Why are so many talking of Friedman in support of Paul? Friedman was a monetarist - not an Austrian schooler.

"I regard a return to the gold standard as neither desirable nor feasible"

Milton Friedman

".as we examine Milton Friedman’s credentials to be the leader of free-market economics, we arrive at the chilling conclusion that it is difficult to consider him a free-market economist at all"

Murray Rothbard

? - the answer to that is simple. You lot advocate a return to the economy of the free banking laissez faire era of much of the 19th century. ie low growth, massive instability (nearly 50% of the time spent in recession), zero class mobility, exploitative working conditions, widespread poverty.

Ron Paul and his supporters seem to want to put even more blind faith in the markets, which is exactly what got us this economic crisis in the first place. the repeal of Glass-Steagall, with President Clinton’s support, led to some predictable bad decision-making. In the new deregulated climate, banks were no longer required to make safe investments with depositors’ resources (your checking and savings accounts). Instead, they could invest in risky, creative financial instruments like credit default swaps and mortgage-backed securities. These risky investments crashed in 2008, and instead of just taking down a few investors crazy enough to gamble with their money, every big bank in America was at risk of failure.

The average Ron Paul supporter understands economics far better than you do.

what the feds not private and the gold standard wouldn't work? You must be a jew

We understand that government spending no matter what the cause even war is a determent to our economy.................