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Paul never reveals that his ideal system, the “Austrian Economic Theory” does not prevent bubble, recessions, depressions, etc. At that, the Mises/Hayek Business Cycle theory specifically states that recessions and booms are natural parts of the cycle and are necessary for continual self-correction.

He keeps promising those things will end if he gets his way, it is an overt lie. You can look at this country in the 1800s when were were close to this type of economic system. The recessions were pretty patterned.


178 posted on 12/10/2011 6:23:44 PM PST by mnehring
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To: mnehring

No one ever asks, “Wouldn’t you rather live with boom busts” than an even keel mediocrity? I certainly would.


197 posted on 12/10/2011 6:26:24 PM PST by riri
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