Monetary Policy and the State of the Economy
By Ron Paul
A Statement to the House Banking Committee, February 26, 2008.
Price controls are almost universally reviled by economists. The negative economic consequences of price floors or price ceilings are numerous and well-documented. Our current series of hearings have been called to discuss the most important, but least understood, price manipulation in the world today: the manipulation of the interest rate.
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Posted by Editor at February 28, 2008 12:19 PM
