Our old friend Congressman Ron Paul says we’re headed into a 15-year depression. He’s probably right. In the old days, “panics” and “depressions” ended fairly quickly…at least unemployment tended to be short-term. There were no elaborate social welfare systems then. No unemployment compensation. No food stamps or “independence” cards. People had to make do. So, when a depression hit, wages fell quickly and people got back to work. They earned less, but the whole economy would adjust, with lower prices for everything. There were no bailouts and no stimulus plans, either. Mistakes were corrected relatively quickly. Businesses went broke. Men … Continue reading Ron Paul Is Correct