(1) At 1.07 onwards, Ron Paul tells us that he wants a “natural rate of interest.” I have news for Paul: there is no such thing; it is a fantasy, a myth.Read the whole thing at Social Democracy for the 21st Century (short)
(2) Paul tells us that inflation is theft. Well,why isn’t deflation theft, committed against debtors?
(3) Paul’s comments on the Roman empire are misleading. Paul implies that the Roman empire was destroyed by inflation, but that is false.
Ron Paul versus Paul Krugman
by Lord Keynes