The Hill on Ron Paul and Austrian Economics

You can read the full article written by Bernie Quigley here.

This week Arianna Huffington, the liberal doyenne, and Ron Paul both appeared on “Morning Joe.” They seemed to like each other and to be in increasing agreement on economic issues. But what was striking was the new legitimacy that Rep. Paul (Texas) has gained since Obama’s bailouts have taken hold. Given the high disapproval ratings on both the economy and the war, it could be said today that the country is moving to Paul’s positions by osmosis. Paul opposed the wars in Iraq and Afghanistan. He opposed the bailouts. He opposed the entire Keynesian perspective that the Obama administration has adopted lock, stock and barrel. Morning Joe — no radical libertarian — pulled out an old script to read in amazement how the housing crisis had played out exactly as Paul said it would back in 2003. Paul advocates Austrian economics, and as he gathers continuing respect, Austrian economics gains a new authenticity as well.