Centralized manipulation of the economy — through money creation and public borrowing — will, I’m afraid, continue under the next administration.
While the populace are distracted by the battle between the left and the right, mostly over social issues, the train keeps rolling full steam toward a cliff. In a piece published yesterday by the Mises Institute, Congressman Ron Paul argues that changing monetary policy is the only way to truly root out the causes of income inequality.
He concludes, much like I did recently when writing about the exorbitant increases in public debt, that the outcome of this election may not matter as much as we think.