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Last week I wrote an item about Ron Paul and the danger he poses to the Fed, the economy and the capital markets with his extreme and absurd views that the Fed should be eliminated or at least under the direct control of the bozos in Congress, and that fiat should be replaced by the gold standard. Much to my surprise this elicited a stack of responses from the Ron Paul lunatic fringe who actually believe these things to be good for the economy. These people are so imbued with the Ron Paul Kool Aid that they are unable to understand even the basics of capital markets and the functioning of the monetary system. Normally I would simply dismiss these people as nothing more than irrelevant background noise, but then the Republicans actually appointed him as head of the monetary committee. He wasted no time at all in coming forth with statements as to how he intends to audit the Fed and impact policy. If you are not paying attention yet, you need to. When Paul combines with his left wing lunatic equal, Bernie Sanders, there is only dangerous politics coming out of Capitol Hill for the capital markets and monetary policy.

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