Thomas Woods at the Campaign for Liberty writes:

This has been all over the web already, but I can’t resist. A couple weeks ago, John McCain said: “You know the economists? They’re the same ones that didn’t predict this housing crisis we’re in. They’re the same ones that didn’t predict the dot-com meltdown. They’re the same ones that didn’t predict the inflation that’s staring us in the face today.”

Needless to say, the Austrian economists, whom McCain has never heard of, predicted every one of these, and a certain politician I know has been writing about them for quite some time. Part 8 of Dr. Paul’s book Pillars of Prosperity (free online here; large .pdf) is called “How Government Distorts the Housing Market.” And for a brief primer on Dr. Paul’s views on inflation and gold, listen to Gold, Peace and Prosperity here or read it here (large .pdf). (Thanks to the Mises blog.)

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