Who would you rather trust to make decisions on this subject? An obstetrician (Ron Paul) or a professor with three published textbooks on macroeconomics (Ben Bernanke)?
The guy who called the housing bubble for what it was (Ron Paul) or the guy who denied there was ever a housing bubble at all (Ben Bernanke)? You’re basically waving Bernanke’s PhD around while ignoring the fact that his forecasting and analysis record is horrendously bad. I don’t really care about what his degree is in, I’ll pick the guy who didn’t deny one of the most obvious bubbles in history and who has proven that he has the better grasp of what’s actually going on.
The rest of your post is teeming with economic fallacies but it’s getting late. From what you typed you are clearly ignorant of the Austrian theory of the business cycle so I recommend that you actually try to understand it before bashing it on a public forum.
