On Wednesday, Ron Paul discussed the moral hazard caused by government interference in the market during his opening statement in the Financial Services Committee hearing on “Monetary Policy and the State of the Economy.”
In this follow up to his 2008 speech predicting the economic crisis, Congressman Paul argues that we are by no means free of the crisis, and he examines what lies ahead for our nation if we do not abandon the establishment’s failed way of thinking and pursue liberty.
Lawrence W. Reed is President of the Foundation for Economic Education, headquartered in Irvington, New York.
After serving as President of the Mackinac Center for its first two decades, Reed became president emeritus of the Center upon assuming his duties as president of FEE.
Russia Today talks to Congressman Ron Paul about why he opposes both Obama’s and his own party’s support for the war in Afghanistan, why he wants to abolish the Fed. and what is Paul’s recent Free Competition in Currency Act of 2009″.