August 12, 2011 Leave a comment
AMES, IOWA – August 11, 2011 – Thomas Woods – Once again, Ron Paul distinguished himself in a Republican presidential debate by telling Americans the truth, answering the questions he was asked, and refusing to treat his countrymen like ten-year-olds who should be spoken to in bumper-sticker slogans.
On the economy, everyone talked about lower taxes, cutting spending, and a balanced budget – the usual boilerplate. Only Ron Paul sought to explain why we have recessions in the first place. Only Ron Paul mentioned the critical role of the Federal Reserve System in blowing up the bubbles that have popped in America over the past decade. Only Ron Paul explained that the monetary system we have, whereby money can be created out of thin air whenever the political class wants it, is a recipe for the very kind of disaster we are living through right now.
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