Liberty MavenRon Paul vs. Bernanke, the Fed, inflation, and central economic planning
March 17th, 2010 5:11 pm | by Marc Gallagher | Published in Banking, Big Government, Constitution, Economics, Federal Reserve, Free Market, Liberty, Market Regulation, Money, Ron Paul, Taxes, congress, gold standard, inflation, moral hazard, price controls | 2 Responses
Earlier today Ron Paul did what he does best: Hammered central government/economic planning during a House committee hearing. He then gets to ask Ben Bernanke a few questions on interest rate manipulation. Unsurprisingly, Bernanke claims the problems were due to not enough regulation rather than admit that regulation was the cause of the problems.
“Central Banking is an art.” -- Bernanke
Near the end of the 2nd clip both men get to the heart of their differences:
Bernanke: “You are a gold standard, er, uh…”
Paul: “I’m for the Constitution.”
March 17th, 2010 at 11:53 pm (#)
Such a bunch of bunk from the Fed. …and now Chris Dodd is supporting the administration's push to give the Fed even more control over our economy. They won't be happy until they've taken it all. Let's stop them NOW!
March 17th, 2010 at 11:53 pm (#)
Such a bunch of bunk from the Fed. …and now Chris Dodd is supporting the administration's push to give the Fed even more control over our economy. They won't be happy until they've taken it all. Let's stop them NOW!