I have been a fan of Ron Paul for many years. Although I have formally endorsed Michele Bachmann for President this election cycle, Ron Paul is a close second choice to lead our nation back to Free Market Sanity. I am so grateful he is in the race. His voice on the worlds stage gives him an opportunity to share the facts about Economics. Here is a clip from the interview yesterday on Meet the Press.
“What we’re witnessing today is the failure of a Keynesian economic model,” Paul said. “And today we have to replace it with something — we either replace it with more government, more authoritarianism, more controls, or we look toward the free market.”
To learn more about the difference between Keynesian Economics Vs. the Austrian Model as articulated by Hayek, please watch these informative videos:
Reason cartoon contributor Scott Stantis references the famous Hayek-Keynes debates in his syndicated daily strip Prickly City — with a punchline about how much, alas, most people care.