Ron Paul makes Bernanke squirm again during testimony

November 18th, 2008 1:14 pm  |  by Marc Gallagher  |  Published in Bailouts, Banking, Debt, Economics, Federal Reserve, Money, Ron Paul, government spending, inflation  |  1

Ron Paul questioned Ben Bernanke this morning regarding the entire financial system as it relates to the bailouts. Again, Paul says the words that no one wants to hear, but truly needs to hear. A few choice quotes from Paul:

“Something has to give, or we are going to waste more time trying to patch this system together.”

“Does this thought come up… about a new world reserve currency?”

“The dollar system has essentially been declared dead.”

“We spent. We inflate. We run up deficits.”

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  1. willmize says:

    November 18th, 2008 at 1:56 pm (#)

    I love me some Ron Paul, but again, it took him 3 minutes to speechify, 1 minute to actually form a question, and 1 minute for Bernanke to weasel out of it.
    I think if RP were more direct, more fierce, and even more confrontational, it would do a lot of good.

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