Yea, I guess the degree in economics along with a dad who worked for Reagan really just doesn’t cut it in the Paul world because I didn’t learn it from Lewellan Rockwell. Of course, Paul himself said ‘Reagan makes Carter look Conservative’ and calls the most famous anti-Keynesian, Milton Friedman a Keynesian.
1. Milton Friedman was a brilliant economist but he was not the most famous opponent of Kenyes. He was not even a full contemporary. Hayek was a professor in the UK along with Kenyes when the General Theory was written and opposed it. If you visit the Reagan Library you can see his notated copies of Hayek's work.
2. Monertarism and Greenspan's artificially low interest rates caused people to make rash purchases. This distorted market forces.
3. I am not a supporter of Ron Paul. I am a capitalist. Socialists are using this as a way to attack the free market and our very way of life. They blame the panic of 2008 on capitalism. It was no such thing.
Your father has my thanks for serving. A member of my family served in Reagan's cabinet.