"Our country has declined in the last 70 years?!? 70 years is exactly how long we have been the world's wealthiest and most powerful country. The expansion of the central government is exactly what pulled us out of the great depression, and what lead to our most fecund years, the 50's, 60's, and 70's. It is only because of predominantly conservative rule over the last 30 years that we have seen a decline in our prosperity.
Our founder fathers' intentions are of very little help in navigating the complexities of the modern global economy. And by the way we pay the least taxes out of any advanced civilization in the world. And we have crap healthcare =
]because of it.
Deregulating and lowering taxes are conservatives all encompassing solution to every economic problem. It's funny how anyone with an economics degree understands that markets cannot regulate themselves while all the kinesiology major pundits on letsrun think the end is near and we must tear down Washington and bury gold in our backyards.
I’m glad that you are intelligent enough to comprehend a Ron Paul book. Now go spend 10 years at a respected college and get a PhD in economics, then I'll listen to what you have to say."
Nope, don't have a Phd in economics nor did I graduate from a respected college. You pretty much got me pegged. So maybe you'll listen to what Alan Greenspan has to say? Did he graduate form a respectable enough college for you?
He wrote a paper while he was chairman advocating for a commodity backed currency over a fiat currency (yes, ron paul cites this in his book, just because I know you'll call me out on this)
I don't need a Phd in economics to know that when the head of the very institution that cripples a free market economy writes a paper speaking against the means by which he exercises his power, there is little doubt as to the role the Federal reserve should play.
So unless you can offer a better solution than "free markets can't regulate themselves" (none of us are advocating for total deregulation, just less) go back to your ivory tower.