Ron Paul: Keynesianism is a decade of Zero

www.house.gov CampaignForLiberty Last week we celebrated the end of what most people agree it was a decade best forgotten. New York Times and leading Keynesian economist Paul Krugman has called the Big Zero in a column recently. He wrote that there are a lot of nothing going on in measures of economic progress or success that is true. Misleading, however, Krugman continues to blame the free market and perceived lack of regulation for the economic chaos. It 'was encouraging thatHe acknowledged that economic blows soap bubbles is a mistake, especially since he advocates the creation of a housing bubble as a way to relieve the headache by dotcom bust. But we can no longer afford, leading economists like Krugman a ride when you completely ignore the tax burden, monetary policy and excessive regulation. Afterall Krugman is still puzzled as to why economists did not see coming housing bust. How did they lose? ActuallyMany economists saw it coming a mile away, did it perfectly, and said that many times. Policy makers would be wise to have respected the warnings of the Austrian economists, and have to start listening to their teachings if they want solid progress in the future. Otherwise, the necessary correction is a very long time. Austrian economists of the free market, the principles of common sense. You can not spend way out of recession. You can not regulate the economy into oblivion and...

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