Steve, Rand Paul never predicted hyperinflation. He expressed two passing statements of concern in two obscure venues. That by no means constitutes a prediction.
Moreover, Paul received a number of plaudits, not just critiques for his leadership on Audit the Fed. In addition to John Tamny’s piece saying Rand Paul was right, I published not just one but two pieces in Forbes.com (now appearing around the world) and one blog here; George Selgin published in support on at freebanking.org (referenced in my blog here); Norbert Michel published a supportive piece at Forbes.com, and the NY Sun has weighed in editorially in support. And that is just off the top of my head.
The enumeration here gives the impression that the media coverage has been far more lopsidedly hostile than is in evidence.
Paul has been a leader and deserves more kudos than critique from those of us who care about the Fed.
Ralph Benko, internationally published weekly columnist, co-author of The 21st Century Gold Standard, lead co-editor of the Gerald Malsbary translation from Latin to English of Copernicus’s Essay on Money, is American Principles in Action’s Senior Advisor, Economics.
