Ron Paul, Please Explain the Business Cycle and How It Would Change Under President PaulSubmitted by Maitski on Fri, 11/04/2011 - 09:14
We've all heard Ron Paul say many times that until the people understand what the business cycle is, nothing much will happen.
I kind of think I know something about the business cycle but I would like to know exactly what Ron Paul's view of it is. I'd like to know what he would do to make it better. How exactly will he do it? In simple terms so that I can relay to my friends and relatives.
I searched on his campaign site and didn't see anything. If his goal is to educate us, he needs to make it much clearer exactly what he's talking about. Not just tell people to go read about Austrian Economics. In the long run that's a good thing, but let's face it, people don't have time to plod through endless economic books and there are differing views.
So Ron Paul, you need to be able to explain in one minute what causes the boom to bust cycle and what things are needed to change that. It has to be simple enough that a fifth grader can understand it. Referring to Austrian Economics works for about 5% of the population. Most others probably get nervous because they think it's foreign or just too complicated for them to even begin to understand.