Contrary Investing favorite Ron Paul – perhaps the only politician in the world we feel warm and fuzzy about – lays out an excellent explanation of the Austrian school of economics for Fox News. He gets into the good Austrian stuff around the 11 minute mark.
What exactly is so hard to understand when it comes to the ineffectiveness of central planning?
While Paul is being disgracefully ignored by the mainstream media, his Austrian take will always have a home among our astute readership here.
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