"They can print money out of thin air and serve special interests," he says. "It's central banking that causes economic bubbles."
Ron Paul, quoted in the FT. I've long-held the view that whether the Bank of England should exist should not be taken for granted. It's simply anti-intellectual to mandate that only preservers of the status quo should have a seat at the table. Provided one is rational, reasonable, and polite, dissidents deserve a place.
That rules out Ron Paul, then.
Posted by: Jim | October 10, 2009 at 02:45 PM