Posted on March 5, 2013

Rand Paul: Economic Recovery Is Illusory, A False Sense Of Prosperity

Sen. Paul: I'm a little worried that some of the economic recovery, if we're getting it, is illusory, in the sense that it's coming from quantitative easing. It's coming from this false sense of prosperity you get when new money comes into the system, but then once it chases goods long enough, prices rise, and there was an illusion of gain, an illusion of profit, but its not really there. So I think it's still very tenuous. I think there is great pent-up prosperity that could come from the marketplace, but the way to do it is not by printing more money and not by creating more debt.