Friday, November 16, 2007

"Common Sense"


matt said...

That was a surprising interview. Usually, Kudlow attacks people with Ron Paul's beliefs.

I wonder how chaotic a transition from fiat currency would be.


Maybe it's a sign that subprime has put the sound-money people in the ascendancy, at least for now.

I don't think Ron Paul actually advocates a return to the gold standard per se, but instead wants better control of monetary inflation and waste of public money. A recession will probably achieve that, at the cost of many bankruptcies and much unemployment.