Presidential candidate Ron Paul and his son, Senator Rand Paul of Kentucky, have been very vocal critics of the Transportation Security Administration. And it doesn’t look like the two will be thinking any more highly of the TSA as, according to the elder Paul pol, Rand was detained by the TSA this morning after refusing to submit to a pat-down. [More]
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Ron Paul Wants Us To Use Gold And Silver Along With Paper Money
Ron Paul, career-long proponent of outmoded and discredited Austrian economic theory, went on Colbert last night to talk about how paper money sucks and he wants you you to be able to go into a store and buy a six-pack with some gold ingots. His proof? Paper money can rot and people have believed in the value of gold for centuries. So, gold is “better” because the collective hallucination around it is stronger. This wouldn’t be disturbing except for the fact that Ron Paul is the new Chairman of the House Financial Services Subcommittee on Domestic Monetary Policy. Yeeeeeks. [More]
Low Interest Rate Party To Continue For An Extended Period
Fed Chairman and former South Of The Border employee, Ben Bernanke, says these historically low interest rates will continue… but not forever. [More]
Traveler Detained For Carrying "Too Much" Cash Sues TSA
Back in March, Steve Bierfeldt was pulled aside while going through the security line at Lambert-St. Louis (Missouri) International Airport, taken to a room, and questioned for half an hour about the box of cash he was trying to check through. Bierfeldt, who works for a Ron Paul organization, recorded the conversation. Now with the help of the ACLU he’s suing the TSA.