Ron Paul Exclusive Interview Part One – Bad Ideas in WashingtonUS consumer sentiment has collapsed to an all-time low and surveys suggest the American people anticipate inflation to be elevated for longer than was widely anticipated. Investors are fleeing equities on recession fears. The sizzling labor market is slowing down. The Washington establishment has lost all credibility – if it had any in the first place – by insisting that inflation was transitory. And yet, in spite of everything that has transpired over the last 18 months, White House Press Secretary, Karine Jean-Pierre, contends that “we are stronger economically than we have been in history.” This is part of the reason why three-time presidential candidate Ron Paul does not have any optimism that wisdom will come to Washington, D.C., anytime soon.
The Cause of Inflation? Bad Ideas
President Joe Biden and his team have tried to gaslight the country into believing that the economy was running strong, inflation was subdued, and a gallon of gasoline was the same price as ramen noodles at the dollar store before the military conflict in Eastern Europe. According to the current administration, the cost-of-living crisis did not occur until Russian President Vladimir Putin invaded Ukraine, igniting chaos in the global economy. This has been the go-to talking point for months, much like the 9,000 leases poppycock uttered from the lips of every White House official when discussing oil and gas prices...........
...........“Right now, I don’t have much optimism that there’ll be any wisdom come to Washington DC or to the central bank,” Paul averred. “They’re not gonna change their way. And that’s why I tell people they need to get prepared and understand what’s happening because this system is very precarious.”
Today, inflation is entrenched in the US economy, seeping into every segment of the marketplace. The debate unfolding on Wall Street is whether it has peaked or still has more room to grow. Moreover, can the Eccles Building return inflation to its 2% target rate? Unless the central bank adopts a different course of action and changes its tune, a resolution is unlikely because it is the ideological principles enshrined in the political monolith that is being etched into public policy, says Paul.
The solution, according to Dr. Paul, might be to look at the Constitution again and study economics at the beginning of the United States. He explained that the country had just endured runaway inflation, prompting the Founders to use gold and silver as legal tender rather than paper money. But Paul sees a challenge in the discourse over inflation and the sound money campaign espoused by many Austrian economists. “So, the battle is intellectual. It’s an ideological fight,” Paul says.................
https://www.libertynation.com/ron-paul-exclusive-interview-part-one-bad-ideas-in-washington/
