Re: A Question about Ron Paul\'s Economics
Ron Paul is worried that interest rates in the US are being kept artificially low to perpetuate a credit bubble.
For comparison, the European Central Bank also claims low single digit inflation (as does the US), but the dollar has lost 30% of its purchasing power when converted to Euros over the last few years. How is this possible? If both currencies have low inflation, you would think that they would remain convertible at a similar exchange rate.
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