Ron Paul Quotes:
Ocupation: Former U.S. Representative
Life: b. August 20, 1935
Birthday: August 20
From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.
source: "End the Fed". Speech to the US House of Representatives, www.lewrockwell.com. February 05, 2009. 
topic: Country, Money, Past, Easy Money, Economic Crisis, Economic Downturn, Downturn, Flooding, Seventies, Housing Bubble
