| EconPhenom |
If you have a few minutes, I recommend viewing this exchange between Republican Presidential Candidate Ron Paul and Federal Reserve Chair Ben Bernanke.
Click to open
"The real deception is when we distort the value of money, when we create money out of thin air. We have no savings, yet there's so called capital, there's money available, but it comes from what you [Bernanke & FED] have to do and the pressures put on you. So, I think we have to get back to the very fundamentals of where this problem comes from. And the bubbles occur when we have this mal-investment and the creation of new money. So my question boils down to this: how in the world can we expect to solve the problems of inflation, that is the increase in the supply of money, with more inflation?"
In related news, some estimates peg inflation at twice what CPI indicates. |
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| Luther |
Raw, unadulterated truth.
Bernanke got owned. |
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| fantasticvoyeur |
Ron Paul brings tears to my eyes. He is the bravest, smartest man I have ever witnessed in my life.
And Howard brought on Ru Paul... Funny Howie...
TM |
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