Ron Paul is one of the most ignorant people when it comes to talking about anything economics related. There is almost no inflation in the country at
. The dollar is not crashing at all. Its dropping, but there is a difference between the
two. The Dollar is the current worlds reserve currency and is the dominant form of payment worldwide. Most Items are measured in terms of dollars and
will continue to be. Cutting spending and especially social security and medicare ect.. is a disaster for the economy. The GDP and jobs lost will be
huge as govt spending and private spending lost will destroy the economy. The Federal reserve is very important to the US economy and the world. It
regulates the supply of money and regulates the inflation rate among others. If there is no Federal banking system then there is no modern economy.
This is not the 1500's its 2011. A modified form of Keynesian economic theory is what we need, not ron pauls cut everything and his doom and gloom
I would scan some of my old econ text books but im not sure where they are atm.
My opinion of Ron Paul is not that he is evil, He seems genuine in that and doesn't want to hurt people, he just doesn't understand what he says.