Ron Paul spoke on the House floor yesterday afternoon. He attempted to educate his peers on the dangers of fiat currencies… I wonder if any of them learned anything.
Once again he states that living beyond our means just means we will eventually have to live beneath our means. I suspect everyone, even Paul Krugman, will learn this lesson in the next several years.
His words include much to like but probably my favorite quote is his attack on gold price manipulation:
“Pretending the dollar is maintaining real value by manipulating the price of gold, the historic mechanism for measuring a currency’s value will work no better than the effort of the 1960’s at keeping gold at $35 an ounce. Nevertheless, Bretton Woods failed in 1971 as was predicted by the free market economists despite these efforts.”
Watch LINK ON RIGHT
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