Ron Paul Blasts Washington’s ‘Boom’ as Debt-Fueled Sugar High
The ever-so-optimistic Ron Paul explained that booms based on monetary “stimulus” usually end in the most predictable way-bankruptcies, inflation, and a painful reset. After all, fake growth demands a real correction, and if this is indeed the “biggest” boom, the payback might be just as enormous. He pointed to the post-2008 era of zero rates and quantitative easing, calling today’s economic cheerleading a rerun of past bubbles. History, after all, is so fond of repeating itself.