Ron Paul's Predictions

[David Newman]

It sets us back 80 years because it puts constraints on the economy that are unnecessary (any commodity backed currency will). In any fixed currency system in the world that I am aware of, economic booms are boomier (my love for subwoofers is coming through) and down turns are steeper, harsher and longer lived. We've had 5 depressions in our country's history. IIRC, all 5 of them occurred during eras of fixed currency monetary system. Also, all of the concerns of insolvency become a reality rather than a misunderstanding of monetary operations.