Using his knowledge of Austrian economics and sound theory of money, he predicted in 2003 that state intervention in the mortgage market would lead to a "bubble" and inevitable market crash. He was ignored.
The crash occurred in 2007-2008.
Tuesday, 27 November 2012
Ron Paul - Farewell to a Great Man
Ron Paul, a man whose values I admire, says farewell to the US Congress.
Using his knowledge of Austrian economics and sound theory of money, he predicted in 2003 that state intervention in the mortgage market would lead to a "bubble" and inevitable market crash. He was ignored.
The crash occurred in 2007-2008.
Using his knowledge of Austrian economics and sound theory of money, he predicted in 2003 that state intervention in the mortgage market would lead to a "bubble" and inevitable market crash. He was ignored.
The crash occurred in 2007-2008.
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