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The Austrians Were Right - Freedom Watch 8-4-11

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Published on Aug 4, 2011

Freedom Watch highlights the Austrian School of Economics. The only econonmic school that predicted the Great Depression, the 70's inflation, dot com 90's crash and the 2007 Housing Bubble. Why don't our elected officials listen to these economists? Because the Austrian school promotes savings, investment, and a sound money based on a 100% gold standard. On a gold standard the government cannot count on a central bank to print money to finance deficit spending and transfer wealth from the average person to the mega banks and politically favored businesses. If the U.S wants to avoid the coming hyperinflationary crisis, it is high time our policy makers aquaint themselves with the free market-driven Austrian school of Economics.

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