Ron Paul Predicted Fannie Freddie Failure in 2003

I said it in a previous blog.  Anyone with a grain of sense and a  basic understanding of economics knows you can’t outsmart the iron laws of economics.  Austrian business cycle theory perfectly describes today’s catastophe and predicted it – 100 years ago.

This link, wherein Ron Paul describes what’s happening was just brought to my attention.  Thing is,  Dr. Paul knew it in 2003.  Actually he, and most libertarian economists,  have been saying it for decades.

  1. DebbieKat
    September 17, 2008 at 4:02 pm

    And Nader was talking about this back in 2000 too.

    I hope that some of you who were supporting Ron Paul will consider voting for Nader, even if you don’t agree with him on all points. Nader will definitely do a more honorable job running this country than McCain or Obama will. And he will be on the ballot for at least 45-46 states.

  2. September 19, 2008 at 6:34 pm

    Hi DebbieKat, thanks for the input but I will have to respectfully to decline to vote for Nader. I’ll be very happy to vote for Bob Barr since he’s the Libertarian candidate and clearly the best of any of the candidates from major parties or third parties. What we need now is free market economics. I don’t think we will get that from Mr. Nader.

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