It has been 50 years since President Nixon proclaimed that “We are all Keynesians now.” The results of allowing government (via its central bank – The Federal Reserve) to create dollars out-of-thin-air have now been produced. Decade after decade we experience relentless inflation, coupled with an expansion in the size and scope of government, the likes of which humanity has never seen before. The Keynesian dream is coming to an end.
The Ron Paul Institute for Peace and Prosperity is a project of Dr. Paul’s Foundation for Rational Economics and Education (F.R.E.E.), founded in the 1970s as an educational organization. The Institute continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home. Visit http://www.ronpaulinstitute.org