Mises Wire
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
In 2012, Barack Obama warned that the United States would fall into a depression if Ron Paul’s plan to cut $1 trillion from the federal budget were enacted. Wait, I beg your pardon. It wasn’t Obama who warned that budget cuts would lead to a depression. It was Mitt Romney. Romney went on to become the nominee of the self-described free-market