Ron Paul is seriously nuts.

In a face-off debate between Ron Paul and Paul Krugman, Ron suggested that the end of the Great Depression was the result of lowering of taxes and unloading of debt after WW-II ended.

REALLY?  REALLY?

That's NOT what the facts say.  The fact is, Republicans lowered the top tax rates in the preceding decade before the stock market crash and ensuing Great Depression.  And the Great Depression ended BEFORE the end of WW-II.  Worse, the US entered two recessions within the decade following the end of WW-II.

And then he goes off on how governments outlaw the use of gold and silver as currency.

That's not entirely true.

You can freely barter with gold and silver if you wish; the only time you have to pay $$$ for capital gains, is when you invest in gold / silver, which is the same case as when you buy any other commodity.  Are we to legalize corn as legal tender, too?  Ron Paul's half-truths are meant to give people the right to avoid taxes altogether.

To top it off, Ron Paul insists that low taxes and deregulation will increase economic output.  And by logical conclusion, no taxes and no regulation will make the Free Markets perfect -- it turns out that's exactly what Paul argues for.

Or as every person who has studied US history knows, in a completely unregulated capitalist market, we'll have a major recession every 4~5 years.

Ron Paul just keeps playing loose with the facts, just like George Will has done over the years as a talking head.