Is this guy a prophet or just a congressman? (speech before the 1987 economic recession)

This is Dr. Ron Paul in 1983. When he talks about the economy these days, it seems people are in a daydream that everything will be all right, but he's warning us or gloomy, even darker, days ahead. When he warned people and politicians in 1983, did they listen? The result was the economic recession of 1987.

My question to you all is, what are you going to do about it? Will you sit there and wait for our debt to go so high that your children or grandchildren will be paying for your mistakes? Or will you finally get up and do something about it (like vote)?