Ron Paul Makes Bernanke Uncomfortable Again [Video]

September 24th, 2008 3:34 pm  |  by Marc Gallagher  |  Published in Bailouts, Banking, Constitution, Federal Reserve, Free Market, History, Liberty, Money, Philosophy, Ron Paul, Video  |  2 Responses

Ron Paul’s truth makes Bernanke shift around in his seat during the joint economic hearing on the financial crisis from this morning. Ron Paul calls out the government as being “not smart enough”. It seems to me that is just another nicer way to say we are being stupid. Amen Dr. Paul. Amen. He then goes on to ask Bernanke the fundamental question which paraphrased is “Where does the Constitution allow for the Fed to execute bailouts and the creation of more money?” Watch it below for the non-answer answer from Bernanke.

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  1. George Dewey says:

    September 24th, 2008 at 9:35 pm (#)

    Interesting that Bernanke says “We certainly have that authority from Congress…” He conveniently skips past Ron Paul’s point that there is nothing in the Constitution which gives CONGRESS the authority to do what the Fed is doing, much less give another body the ability to do it (create endless credit).

  2. theropingeffect says:

    September 24th, 2008 at 10:56 pm (#)

    The Constitutiion give Congress the authority to COIN money. It does not five the FED the authority to print money.

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