Thursday, May 3, 2012
Ron Paul — Our central bankers are intellectually bankrupt
Ron Paul get it essentially right regarding central banking, although I would disagree with him about his analysis of money, i.e., that "money is a commodity," that "capital cannot be created by government fiat," and the antidote is a "return to sound money."
Read it at The Financial Times
Our central bankers are intellectually bankrupt
by Ron Paul | U. S. House of Representatives
(h/t Ramanan in the comments)
Favorite line: "Control of the world’s economy has been placed in the hands of a banking cartel, which holds great danger for all of us."