Economy
In January 2008, Paul released an economic revitalization plan and named Peter Schiff and Donald L. Luskin as economic advisors to his campaign. National Journal labeled Paul's overall economic policies in 2010 as more conservative than 78% of the House and more liberal than 22% of the House (85% and 15%, respectively for 2009). For 2008, his ratings were more conservative than 91% of the House and more liberal than 8% of the House (80% and 20%, respectively for 2007). In 2006, as more conservative than 48% of the House and more liberal than 51% of the House.
His warnings of impending economic crisis and a loss of confidence in the dollar in 2005 and 2006 were at the time derided by many economists, but accelerating dollar devaluation in 2007 led experts like former Federal Reserve chair Alan Greenspan to reconsider hard money policies such as those of Paul.
Read more about this topic: Political Positions Of Ron Paul
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)