Ron Paul on Inflation and Economic Recovery

Neil Cavuto: Is the economy, are the markets, are these companies telling us something, your concern non-withstanding, that things are looking up?

Ron Paul: Well I guess temporarily they could. They are looking up at Goldman Sachs, that’s for sure.

* Ron Paul drilled Bernanke today, questioning his definition of inflation
* Bernanke says Ron Paul’s inflation concerns are misplaced
* Paul counters that Bernanke was not concerned about housing crisis until it hit, so why trust him now?
* The printing of money, rescues and bailouts will eventually become inflationary. Austrian economics teaches you that you can predict trends, but not timing.
* Bernanke will not be able to hold back inflation once it starts
* Whether or not Bernanke is re-appointed is inconsequential. Nobody in world is smart enough to do job of central financial planning because the system is too deeply flawed.
* Things are not really looking up. True unemployment is around 20% and increasing.
* Stagflation is where we are headed
* A little blip in the economy and a few favorable stats after doubling the money supply and bailing out everyone in sight does not for a recovery make.

By | 2017-03-23T14:06:36+00:00 July 21st, 2009|Political Commentary|

About the Author:

Jason Hamlin is the founder of Gold Stock Bull and has been investing in precious metals for over 20 years. Jason spent nearly a decade in analytics for the world’s largest market research firm, before finding success investing full time. He launched Gold Stock Bull in 2005 and turned his focus from helping fortune 500 companies to helping individual investors. Jason is a student of Austrian economics and a proponent of cryptocurrencies such at bitcoin.