Quote:
Originally Posted by MTAtech
With respect to "Ron Paul predicting the housing bubble," Ron Paul has been predicting the housing bubble since before there was a housing bubble. Basically, Paul is the broken clock that just happens to be right twice a day.
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LMAO of course he told us before the bubble happened. If he told us AFTER it happened it wouldnt be a prediction now would it? Ron Paul told us the exact reasons why it would happen and told us as soon as Congress started to manipulate the housing market.
Quote:
Originally Posted by MTAtech
Ron Paul also predicted $2,000 gold in 2001. It took a decade for him to be right. (I am going to predict that the Dow Jones Average is going to be 20,000. I will be right one day -- maybe in ten years.)
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sigh In the year 2001 he said if the inflation continues, Gold will rise dramatically. He didn't say it will hit $2000 in 2001 lol. What's the high been so far $1800? he's not off by much so far and one of the few who said Gold would sky rocket after the crash before the housing crash happened.
Quote:
Originally Posted by MTAtech
Ron Paul predicted that tripling the monetary base in 2008 would cause hyperinflation and high interest rates. Paul Krugman predicted the opposite. Who was right, huh? <Hint: it wasn't Ron Paul> Maybe someday there will be hyperinflation and Ron Paul can point to his ancient prediction and declare himself a prognosticator.
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sigh High interest rates will be used just like Volcker did is what he what he was talking about. Ron Paul was right about the money supply as it grew by over 20 percent as measured by mzm. hint - inflation is the increase in the money supply. Something you wont learn from copying and pasting charts.
All you and your fellow economist Krugman are trying to do is treat symptoms by using bandaids. Treat the cause. Stop the Federal Reserve from manipulating interest rates and increasing the money supply.
The philosphy you back has been tried for hundreds of years going back to the Edinburgh con man John Law and has always failed. It has brought empires to their knees. Man will always look out for himself and not the people. That is why the kings shouldnt be in charge of manipulating the economy and the money supply. It has never worked out in the long run run and the busts are always worse than the booms.
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