Econ 101

Ron Paul has centered much of his campaign around economic issues. He talks about “printing money” and inflationary taxation etc. A lot of what he says has an kernel of truth to it but Ron Paul is a physician not an economist. His rhetoric sounds intriguing, like those guys that say that there’s no actual law that says you have to pay income taxes, that it’s a voluntary system. In the end they just don’t know what they are talking about.
If you’ve ever wanted to know more about the economy, but didn’t know where to learn about it then I suggest the following 5 part (about 25 minutes total) “Uncommon Knowledge” video series from National Review. It’s a good primer about some of the economic issues in this presidential election. Topics covered include, what is a recession, monetary policy, the sub-prime mortgage crisis, inflation, trade deficits, national debt, taxes and government spending. The host is Peter Robinson of the Hoover Institution and his guests are Ken Judd a senior fellow at the Hoover Institution John Taylor a professor of economics at Stanford University also a senior fellow at the Hoover Institution.
It’s well worth your time.
Part 1
Part 2
Part 3
Part 4
Part 5