“The bankruptcy of Fannie Mae and Freddie Mac caught the government by surprise. That is because the government — meaning the experts at Treasury — do not understand Austrian School economic theory. Ron Paul does. … If the government had passed Paul’s bill, it would not be in a crisis today.”

Continue reading this enlightening article from September 2008: Ron Paul Called the Housing Collapse in July, 2002. He Said That the Fannie and Freddie Would Be the Cause.

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