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Ron Paul mentions Austrian Business Cycle Theory

At the Jan 10th South Carolina debate on Fox News, Ron Paul mentioned the Austrian Business Cycle Theory (ABCT) in one of his responses.

You can watch the response here.

I give Dr. Paul a lot of credit for including the ABCT in his answer. The first reason being that it rarely recieves mainstream exposure. I personally have never heard it mentioned on television. Second, because there are many thousands of people that hang on every word that Dr. Paul says. If even a small percentage decide to look into the ABCT, I consider that a wonderful thing. 

I don't know Mises.org's traffic statistics, but I sure hope it received a bump on Jan. 10th.

It's evident that many people consider Dr. Paul a hero, and I'm sure many are going to want to emulate him. The more Dr. Paul mentions Austrian Economics the better. He's pointing the way.


Posted Jan 13 2008, 02:07 PM by ChrisR
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