Ron Paul vs. the Federal Reserve

No matter how many retards think he’s crazy, Ron Paul has produced lots of good stuff such as this dialogue while talking about monetary policy during economic busts with Ben Bernanke in the US congress(note: the link may not be working correctly):

And what is the advice that you generally get, and that is inflate the currency. They don’t say inflate the currency, they don’t say debase the currency, they don’t say devalue the currency, they don’t say cheat the people who are (inaudible). They say lower the interest rates.

But they never ask you, and I don’t hear you say too often, the only way I can lower interest rates is I have to create more money. I have to lower the discount rate, I have to make it generous, I have to increase reserves, I have to lower the interest rates and fix the interest rates — overnight rates.

And the only way you can do this is by increasing the money supply. And I see this as the problem that we don’t want to talk about.

You could say I see it as a problem too as I have some investments denominated in US dollars. Those parasites at the top are eroding what little wealth I have while making money out of thin air for themselves and of course also benefiting those who have lots of debt too (and taking debt is hardly inherently good and thus should not be rewarded by any sane policy). They should have no right to do such a thing.Iwouldthinkthe onlyreasonthegeneralpublicallowsthistohappenisthattheysimply
are not smart enough to really understand what’s happening and the elites are definitely
happy to keep them that way or so I would suppose. Little wonderthe MSM controlled by the elites is not particularly interested in educating the public about this issue.

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