Political, philosophical, and theological reflections from a Christian idealist with libertarian leanings and a professional interest in science and mathematics.
Friday, August 19, 2011
Food for thought
Ron Paul's predictions from the past decade on the housing bubble, the economic crisis, the wars in Iraq and Afghanistan, Osama bin Laden, and the expansion of federal government.
What if people had been listening to this guy earlier?
Paul seems to know his own mind and follow his convictions like few politicians. He makes a lot of sense on everything but monetary issues. Where is the inflation he speaks of?
It appears there has actually been a pretty high rate of inflation this decade, just not as high as it has usually been during the past century. We actually experience deflation during 2009, which of course was when the crisis really sank in. Currently we appear to be attempting to dig our way out using higher inflation.
I do think Paul's monetary policy is naive--there is no fundamental reason why gold should be our standard--but I also think even here he has some points that need to be heard. Sound money is important.
Paul seems to know his own mind and follow his convictions like few politicians. He makes a lot of sense on everything but monetary issues. Where is the inflation he speaks of?
ReplyDeletehttp://www.fintrend.com/inflation/Inflation_Rate/CurrentInflation.asp
ReplyDeleteIt appears there has actually been a pretty high rate of inflation this decade, just not as high as it has usually been during the past century. We actually experience deflation during 2009, which of course was when the crisis really sank in. Currently we appear to be attempting to dig our way out using higher inflation.
I do think Paul's monetary policy is naive--there is no fundamental reason why gold should be our standard--but I also think even here he has some points that need to be heard. Sound money is important.