Ok, he is a libertarian, which in itself is not necessarily a bad thing, apart from all the other things that go along with it, but as I have said before – he is the only American politician who does tend to say some of the right things.
Everyone already knows that America is already in recession, but it is well concealed or attempted to be so by official sources, though who they think they are kidding I don’t know.
Ron Paul lays it down pretty nicely and without unnecessary embellishment right here on CNBC: We’re in recession and it’s getting worse: Ron Paul
I comment frequently on the US economic situation for one reason and one reason only. It is that if the US was doing all right, then there would be at least some reason to expect that the world would also be doing all right or at least heading in that direction. But if the US is leading a race to the bottom, a position which it is undoubtedly in contention for now, then there is little hope for the rest of the world to be in anything that looks like a buoyant situation.
Well, that used to be the case anyway. All bets are off these days and no one nation can be said to be the front-runner, or no one would seek to be the front-running boat in a world economy afloat on a sea liberally spread with rocks and icebergs.
So, the ‘R’ word is increasingly being used. I wonder how long until the ‘D’ word makes an appearance again?
I comment on other aspects of US policy perhaps even more frequently than economics, for a whole variety of reasons. But that’s another story. For another day.