Congressman Ron Paul tells Steve Forbes that the recovery is all hooey.
Ron Paul, the Libertarian-leaning Republican Congressman from Texas, hard money advocate and skeptic of the Federal Reserve, sat down recently with Steve Forbes to discuss the economy, stocks, bonds, commodities and regulation. What emerged was a portrait of the most angry bear in Congress.
Don't believe in the economic recovery, Paul warned. It's phony and those who get sucked in are bound to get caught again by the massive losses inevitable in every popping bubble. Paul's take is straight out of the Austrian School of economics, created by Ludwig von Mises. Though the mainstream debate tends to be between followed of Milton Friedman and John Maynard Keynes, Austrian economics represents the starkest contrast to Keynesian thought.
Ron Paul, the Libertarian-leaning Republican Congressman from Texas, hard money advocate and skeptic of the Federal Reserve, sat down recently with Steve Forbes to discuss the economy, stocks, bonds, commodities and regulation. What emerged was a portrait of the most angry bear in Congress.
Don't believe in the economic recovery, Paul warned. It's phony and those who get sucked in are bound to get caught again by the massive losses inevitable in every popping bubble. Paul's take is straight out of the Austrian School of economics, created by Ludwig von Mises. Though the mainstream debate tends to be between followed of Milton Friedman and John Maynard Keynes, Austrian economics represents the starkest contrast to Keynesian thought.
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