Thursday, April 9, 2009


Ron Paul discusses the economic crisis that he felt was impending due to the Federal Reserve and our fiat monetary system.

In 1988.

No doubt he was dismissed as a marginal doomsayer back then. Perhaps given the timeframe he was projecting for a depression made him so, but he could only speculate, after all.

The prediction hardly makes him a Nostradamus-type mystical soothsayer, however. Basing his projections on the solid ground of Austrian Economics, he was merely predicting what had to happen.

Pretty poignant stuff in retrospect. Hindsight is 20/20 after all.


Hat Tip: Below the Beltway

No comments:

Post a Comment