Ron Paul discusses Austrian vs Keynesian economics on Morning Joe 05 15 2009
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I love how Ron Paul just sits there with a big ass smirk on his face when they are explaining what he predicted about the housing market.
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Ron Paul/Michael Badnarik - 2012 ?
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No, Keynesian economics is about raising spending in a slump in the vain hope that it will somehow restart the economy, and raising taxes to pay the debt or (more likely) inflating the currency to make the debt more "manageable" when the economy finally recovers.
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I would abolish the federal income tax. The states could allocate some small fraction of their tax base toward the union.
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Awesome clip. Ron Paul is always as straight as an arrow and isn't afraid to say it how it is. You never have to question what his stand is, he always makes it 100% clear. I think he's the best politician we have seen in years, and I really hope the People at least start to consider some of the things he says (or has said in the past, as this clip demonstrated).
Thanks for posting!
diggingforgold 2 years ago 7
He is not blaming Keynes for government spending. He is blaming the US adherence to the Keynesian theory for what is happening now. After all, that thinking is what led up to this mess.
As they said, Colombia University Economist Jeffrey Sachs also understands that this is building another bubble. His own influence was in Keynesian economics. It's not like this is news. We are inflating another bubble and when this one pops it's going to be much worse.
TheCultivatedMind 2 years ago 4