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Ron Paul and Bernanke talk Policy, Bubbles, and Transparency



May 05, 2009 – Comments (1)

Very interesting stuff here.  Bernanke states he is open to more transparency, claiming he doesn't want the Fed to be as secretive as it has been.  Ok, we'll see.  Paul lectures Bernanke on the dangerous effects of excess monetary expansion and proposes a possible dilemna Bernanke may face.  There is discussion on the overall economic policy of the government and Fed.  Enjoy the vid!

David in Qatar

1 Comments – Post Your Own

#1) On May 05, 2009 at 2:21 PM, nzsvz9 (< 20) wrote:

Bernanke "Would resist any attempt to ... um ... dictate to the Federal Reserve how to make monetary policy".

I like the last 2 seconds of Ron Paul's time. Priceless.

Bernanke's in the spotlight and the posterboy for the Fed, and I'm sure he saw the tea parties, so don't you think he wants to appear reasonable, and the somewhat grandfatherly-looking Bernanke seems harmless and speaks in a nice if not neutral tone.

It's hard to see him as bad for America based on how he presents himself and speaks, and I'm sure the sound bites on all the major networks will mention his willingness to be more open. While he continues to dance on the volcanoe's rim with the monetary policies of the Fed.

I support the "Audit the Fed" provided it is the first step, once the truth be shown (note I do not say known) which would then take the next step to abolish the Fed.

Known by the ATM as nzsvz9

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