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?
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