A non-profit educational site
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.
Post a comment