186 responses to “Ron Paul’s First Subcommittee Hearing: Can Monetary Policy Really Create Jobs?”

  1. Bob

    When I hear that Government can create jobs.
    It reminds me of the old protection racket. Will make a mess out of your life then charge you for it.
    Then will hire some to over see you pay for it. Will hire someone to make sure after it is cleaned up some what. It gets screwed up more the next time. So now we can hire a crew.

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  2. Bob

    When I hear that Government can create jobs.
    It reminds me of the old protection racket. Will make a mess out of yor life then charge you for it.
    Then will hire some to over see you pay for it. Will hire someone to make after sure that after. It is cleaned up some what. It gets screwed up more the next time. So now we can hire a crew.

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  3. Bob

    It is realy somthing when some one is allowed to print up a bunch of worthless paper,
    “money”.
    Then charge everyone for the use of it. Then tell everyone if you don’t pay. Your property could be confiscated and you could be Jailed.
    The sad thing is the amount of people who have been duped into excepting this as being some kind of fact of life. “Death and taxes”. P. T. Barnum may have been more right. When he made the statement.”There is a sucker born every minuet”.

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  4. TruckFreak69

    seemed to me this panel was pretty ignorant with exception to mr. paul. at least the guy from arizona and north carolina were humble and admitted it. why aren’t these panels composed of people with real interest in monetary policy?

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  5. cdsilber

    aggregate demand that he wants to restore was all a Fed inflated illusion to start with. Consumer behavior was distorted by the Fed generated bubble and collapsed with the bust. Now he says the solution is “create the illusion again” so consumer spending will return to its previously unsustainable levels.

    I don’t think that’s very good long-term policy. Consumer spending and business investment trends should be determined by real economic and market conditions, not Fed-generated illusions.

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  6. fuckermother187

    fuck you, clay!

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    1. JR

      You do know that comments like that make us Paul supporters look brainless. Grow up and understand that you make us look bad when you use toilet mouth like that. If you dont care about that then go away.

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  7. theknightswhosay

    He’s bright compared to Rep. Green though. The FDIC is not to help the banks out. It’s supposed to be to protect depositors. Why should AIG expect a bailout after being paid to insure assets that it could not insure? They were happy to take profits when there weren’t claims. If I go to the casino and I win, I get to keep the profits, but if I lose, I guess someone should “bail out” my losses. That would not teach me a lesson about risk.

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  8. theknightswhosay

    This Tucker Carlson wannabe is a waste of space. He’d rather have “moderate inflation.” The dollar is worth about 4% of what it was in 1913. That’s moderate?

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  9. theknightswhosay

    I think there is more wealth in this country than consumer debt, at least I hope that is the case. If I’m correct, then more good will come from lower prices, because there will be a positive impact on the purchasing power of most people.

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  10. webfulcrum

    Has this fellow Clay always been such an ignorant buffoon?

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  11. leddsaliva

    The whole banking system is an intentional scam.

    Watch the Secret of Oz…explains everything.

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  12. cdsilber

    aggregate demand that he wants to restore was all a Fed inflated illusion to start with. Consumer behavior was distorted by the Fed generated
    bubble and then collapsed with the bust. Now he says the solution is “create the illusion again” so consumer spending will return to its previously
    unsustainable levels. I don’t think that’s very good long-term policy. Consumer spending and business investment trends should be
    determined by real economic and market conditions, not Fed-generated illusions.

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  13. ujisx

    1:32:32 That is correct but it is a result of FED inflating prices over where the free market would have them. They can suspend each bust by creating another artificial boom.

    The effect of suspending each bust is to compound them together until the point the dollar is destroyed and you are faced with a final grand slamming crash they cannot stop.

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  14. fanadfilms

    Does anyone feel the need to find another use for Duct Tape, taping Barney Frank’s mouth shut? How does this baffoon get elected and re-elected?

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  15. Ghost9909

    DiLorenzo’s basic argument that Fed monetary policy creates jobs in bubble industries that can’t be sustained in the long run made perfect sense. Clay’s blatant character attack on DiLorenzo was pretty rediculous and included some outright lies. I’d be pissed as hell if he was my Congressman.

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  16. ParrhesiaJoe

    I love youtube :) The media stinks. This is good stuff.

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  17. NYBraveheart

    The tragic irony is that the Fed is a debt slaves trader and Mr. Clay in his ignorance is a “house slave” betraying the people he was sent to Washington to represent.

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  18. Xenthoid

    hmm 24,931 view for a subcommittee hearing…normally this would have around 20 views… definitely different times…

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  19. rbeelz

    Mr. Clay’s comments in a nutshell—

    “Thank god for President Obama. The fed says that printing money will not depreciate the currency and I believe them. All hail The Allmighty Chairman of the Fed!”

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  20. capitalist4life

    Could someone post the times of the highlights of this? I can’t sit here and watch these criminals for 2 hours.

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  21. capitalist4life

    It gives me a warm, fuzzy feeling to see “Chairman” under the name “Mr. Paul.”

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  22. capitalist4life

    is the audio shitty for anyone else?

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  23. VictoryCough

    Imagine this scenario: Walter E Williams is a witness in place of DiLorenzo. Williams also believes Lincoln was a racist tyrant and that the Civil War was unnecessary. Williams also happens to be black.

    Would Clay have questioned whether Williams was a racist for doubting the official Lincoln story?

    If you ask, there is no one more racist than a progressive-white or black.

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  24. VictoryCough

    Imagine this scenario: Walter E Williams is a witness in place of DiLorenzo. Williams also believes Lincoln was a racist tyrant and that the Civil War was unnecessary. Williams also happens to be black.

    Would Clay have questioned whether Williams was a racist for doubting the official Lincoln story?

    If you ask, there is no one more racist than a progressive-white or black.

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  25. VictoryCough

    Congressman Clay’s political philosophy and even style is rampant throughout the City of St. Louis. Look at the unemployment rate in St. Louis.

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  26. VictoryCough

    Congressman Clay’s political philosophy and even style is rampant throughout the City of St. Louis. Look at the unemployment rate in St. Louis.

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  27. CountArtha

    Hey, Clay read the Austrian School’s Wikipedia page!

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  28. CoombesKidd

    barney frank should be in jail

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  29. drcphd

    Dr. Clay fails to address the issue and resorts to name calling and spreading lies. What he’s saying about Mr. DiLorenzo is utterly false. Check it out yourself.

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  30. hairbones

    What kind of a man does this? Rep Lacy Clay’s wife had this to say of him:
    “I and my children are devastated and embarrassed that my husband let us find out from the children’s friends and the media that he had filed for divorce, and mostly that he still has not contacted our children,” Ivie Clay said. “I would have wanted to prepare the children.”

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  31. Polypropylganda

    This video will become viral.

    If not now, then when the dollar crisis accelerates.

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  32. nomoreserfs

    This is laughable, Japanese debt has just been downgraded. I guess in the world of Keynesian economics this is a good thing. We are all Austrians now!

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  33. BradNC11175

    Barney Frank in charge of Financial Services is about like John Hinkley being the chairman of the NRA… what a joke.

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  34. MrDaverulz

    Not concerned about what Brazil has to say about our monetary policy?!? Have you ever thought of taking advice from someone who has already made the mistakes that we are currently making? Are you even familiar with what happened in Brazil?

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  35. Ian

    How the hell could you side with the Fed?? If you create money without the value to back it up, it will create inflation!!! Of course the mainstream media has said bad things about the free market; they haven’t even let it work without interference!

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