Support Mises
Mises Wire

Ron Paul: The Fed Is Afraid to Raise Rates

Mises Wire Ryan McMaken
Print this page

In this CNBC video, Ron Paul notes that almost all economists consider price manipulation to be a problem when it comes to consumer goods, oil, and more. But for some reason, it's perfectly fine among the same economists to defend price manipulation when it comes to manipulating exchange rates among currencies. Also, the Fed is afraid to raise interest rates because it knows a recession will likely result:

All Rights Reserved ©
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute