Ron Paul has asserted for many years that inflation is a tax that benefits those who get all that freshly printed money first, and harms everyone else. Today, Fed Chairman Ben Bernanke agreed with that assertion, but failed to present a viable plan for saving the collapsing dollar:
The Fed is now in an impossible situation. It can’t solve the problem because it is the problem. Should Ben Bernanke follow Jim Rogers’ advice – shut down the Fed and resign?
Ron Paul comments on the need for reform: