Ron Paul: Debt Is to Blame

The system is flawed and debt is to blame. He says that debt overwhelms profits which is Minsky's moment.

Pay attention to reference to the great depression of 1921 which no one remembers, no one remembers because it only lasted a year, it only lasted a year because the government stayed out. But instead this government makes it critically worse and the result will be that instead of a recovery the country that will be less free and much poorer one year from now.