Liberty MavenRon Paul questions Bernanke on Transparency and Inflation
July 21st, 2009 11:57 am | by Marc Gallagher | Published in Banking, Big Government, congress, Debt, Economics, Federal Reserve, inflation, Money, Ron Paul | 8 Responses
Today Ron Paul had the opportunity to question Federal Reserve Chairman Ben Bernanke on Capitol Hill.
Paul starts off by quoting Bernanke and asking him to clarify his quotes regarding transparency and HR1207. Then he asks Bernanke about inflation and whether it is a rise in prices or an increase in the monetary supply.
I bet you can guess how Bernanke answers.
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July 21st, 2009 at 4:36 pm (#)
This is my new favorite for Paul v Bernanke. Someone needs to do a good mashup of footage of Ron Paul grilling the Federal Reserve board-members and chairman.
I love the "not taking a significant portion" denial–how much debt has to be monetized before it is acknowledged?
Inflation is just the "consumer price level"? Wow. Bernanke needs to take Econ 101. Changes in the price level -are- occurring (look at commodities like gas and gold, or check out your local supermarket flier offering "yesteryear" prices that can be dramatically lower). The fact is that changes in price are directly caused by artificially expanding the money supply.
July 21st, 2009 at 11:24 pm (#)
Read this article: "Ron Paul vs. Bernanke". It is well documented. illustrated with fun picture and video and accompanied with relevant quotes:
"I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.
Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.
However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed."
Prof. Benjamin Shalom Bernanke
Japanese Monetary Policy: A Case of Self-Induced Paralysis?
For presentation at the ASSA meetings, Boston MA,
January 9, 2000.
Read: Prepare for the Crash, The Age of Turbulence.
"Plea for a New World Economic Order."
July 21st, 2009 at 11:24 pm (#)
Read this article: "Ron Paul vs. Bernanke". It is well documented. illustrated with fun picture and video and accompanied with relevant quotes:
"I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.
Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.
However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed."
Prof. Benjamin Shalom Bernanke
Japanese Monetary Policy: A Case of Self-Induced Paralysis?
For presentation at the ASSA meetings, Boston MA,
January 9, 2000.
Read: Prepare for the Crash, The Age of Turbulence.
"Plea for a New World Economic Order."
July 21st, 2009 at 11:24 pm (#)
Read this article: "Ron Paul vs. Bernanke". It is well documented. illustrated with fun picture and video and accompanied with relevant quotes:
"I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.
Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.
However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed."
Prof. Benjamin Shalom Bernanke
Japanese Monetary Policy: A Case of Self-Induced Paralysis?
For presentation at the ASSA meetings, Boston MA,
January 9, 2000.
Read: Prepare for the Crash, The Age of Turbulence.
"Plea for a New World Economic Order."
July 21st, 2009 at 11:24 pm (#)
Read this article: "Ron Paul vs. Bernanke". It is well documented. illustrated with fun picture and video and accompanied with relevant quotes:
"I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.
Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.
However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed."
Prof. Benjamin Shalom Bernanke
Japanese Monetary Policy: A Case of Self-Induced Paralysis?
For presentation at the ASSA meetings, Boston MA,
January 9, 2000.
Read: Prepare for the Crash, The Age of Turbulence.
"Plea for a New World Economic Order."
July 21st, 2009 at 11:24 pm (#)
Read this article: "Ron Paul vs. Bernanke". It is well documented. illustrated with fun picture and video and accompanied with relevant quotes:
"I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.
Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.
However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed."
Prof. Benjamin Shalom Bernanke
Japanese Monetary Policy: A Case of Self-Induced Paralysis?
For presentation at the ASSA meetings, Boston MA,
January 9, 2000.
Read: Prepare for the Crash, The Age of Turbulence.
"Plea for a New World Economic Order."
July 21st, 2009 at 11:24 pm (#)
Read this article: "Ron Paul vs. Bernanke". It is well documented. illustrated with fun picture and video and accompanied with relevant quotes:
"I will argue here that, to the contrary, there is much that the Bank of Japan, in cooperation with other government agencies, could do to help promote economic recovery in Japan.
Most of my arguments will not be new to the policy board and staff of the BOJ, which of course has discussed these questions extensively.
However, their responses, when not confused or inconsistent, have generally relied on various technical or legal objections—- objections which, I will argue, could be overcome if the will to do so existed."
Prof. Benjamin Shalom Bernanke
Japanese Monetary Policy: A Case of Self-Induced Paralysis?
For presentation at the ASSA meetings, Boston MA,
January 9, 2000.
Read: Prepare for the Crash, The Age of Turbulence.
"Plea for a New World Economic Order."
July 22nd, 2009 at 2:41 am (#)
So when the Fed buys Treasuries, but sells them to someone else, that in not monetizing the debt???