Show this post to anyone who thinks Ron Paul has crazy economic ideasSubmitted by mindwalker55 on Sat, 05/26/2012 - 12:48
Ron Paul's understanding of the economy is a matter of public record.
In 1983 he predicted the 1987 recession.
In 1998 he predicted the 2000 dot com crash.
In 2001 he predicted the housing bubble crash and what the Fed would do in response.
And of course he has told us this year Mar. 2012 about the Bond Bubble currently forming.
In fact he has accurately predicted every single economic down turn in the last 3 decades, with an explanation of why he believes they will happen.
No other politician that I know of has this track record. In fact no member of the Federal Reserve has this track record. And most noteworthy there are very few people in the financial sector with this impressive record of accuracy.
To put our trust in the people that never saw these coming to fix the problems makes no sense, especially since their fix is doing more of what Dr. Paul has identified as the cause.