Why is Ron Paul surging? (Part 3)
The liberals have been successful at getting government to spend over 25 percent of our total GDP, but the problem is that money is running out. Actually it ran out a long time ago. In 2011 we spent 3.8 trillion and took in a little over half that amount. At that rate we will be going bankrupt a few years after Greece.
I think the future looks bright for politicans like Ron Paul. There are several reasons why Ron Paul has surged in the polls. Let me list some of the reasons this has happened. These reasons are taken from the article by Edward Crane, “Why Ron Paul Matters,” Wall Street Journal, Dec 31, 2011:
• Austrian economics. Mr. Paul is often criticized for references to what some consider obscure economists of the so-called Austrian School. People should read them before criticizing. Nobel laureate Friedrich von Hayek and his mentor Ludwig von Mises were two of the greatest economists and social scientists ever to live.
Modern Austrian School economists such as Lawrence H. White, now at George Mason University, and Fred Foldvary at Santa Clara University predicted the housing bubble and the recession that followed the massive, multitrillion-dollar malinvestment caused by government redirection of capital into housing. Mr. Paul, like Austrian School economists, understands that we would be better off with a gold standard, competing currencies or a monetary rule than with the arbitrary and discretionary powers of our out-of-control Federal Reserve.
Mr. Paul should be given credit for his efforts to promote these ideas and other libertarian policies, all of which would make America better off. He’d be the first to admit he’s not the most erudite candidate to make the case, but surely part of his appeal is his very genuine persona.
The Daily Hatch 