Published Friday, May 23, 2008 by Ron Paul
There will come a day that the world financiers will rush from dollars just as they have recently rushed into dollars, causing even worse chaos in the international financial markets. Without a stable monetary unit, the speculation will continue and worsen. Overreaction is now becoming more commonplace, but this is a predictable consequence of a world gone mad with fiat currencies, debt creation, and overspending. Massive debt liquidation will come.
(Original Text)
The Economics of a Free Society (3.94 MB)