Ron Paul’s First Subcommittee Hearing: Can Monetary Policy Really Create Jobs?

This is the first hearing held by Dr. Ron Paul as Chairman of the Domestic Monetary Policy and Technology subcommittee, which, among its other duties, oversees the Federal Reserve.

Date: 02/09/2011
Video by minnesotachris – thanks!

Anyone knows how to fix the audio? We tried almost everything but didn’t get any significant improvement. If you have any ideas please post a comment or contact us.

(If you’ve found a spelling or transcription error, please notify us anonymously by selecting the misspelled text and then pressing Ctrl+Enter. Thank you!)

»crosslinked«

  • TheJourneyAgent

    barney frank needs to see a speech therapist, just a few sessions…

  • Matt

    It seems like this was a steamroll of the Austrians. By steamroll I mean throwing every possible thing at them so they can’t resopnd to most of it so it seems like they don’t know what they are talking about. Am I wrong?

  • vinnykster

    Green trying to make it sound like FDIC and FED RESERVE’S and Fanny and Freddy’s tyrannical policies have “helped” the middle class is just absolutely pathetic. He is so utterly arrogant and ignorant! The GOVT creates and exploits the poor for it’s own agendas- using the poor and middle class as pawns and hostages. I see right through the smoke screen. Mr Green is obviously a puppet. Kinda wish Ron Paul would put em in his place a bit.

  • Quezecotl2012

    My girlfriend tried to get a mortgage modification. Her credit is impeccable and a career change lowered her income. The banks have lost her paper work three times. She has had to go to the FTC and the process is still not over. So the Federal Reserve statements on 4% mortgages is BS. The banks are not lending even to people with great credit.

  • Quezecotl2012

    My girlfriend tried to get a mortgage modification. Her credit is impeccable and a career change lowered her income. The banks have lost her paper work three times. She has had to go to the FTC and the process is still not over. So the Federal Reserve statements on 4% mortgages is BS. The banks are not lending even to people with great credit.

  • Quezecotl2012

    For something so critical, why does the Federal Reserve send an intern with no power or influence in the Federal Reserve policies? And why does he misrepresent the empirical facts?

    It seems the NSA has distorted the audio of the original video.

  • Quezecotl2012

    For something so critical, why does the Federal Reserve send an intern with no power or influence in the Federal Reserve policies? And why does he misrepresent the empirical facts?

    It seems the NSA has distorted the audio of the original video.

  • rebby11

    Green is upchucking mainstream economists and then the little puppy economist Bivins comes along to eat it all up.

  • zionisimkills

    How many of these turds are on the NANKe”s christmas list, you can be sure Ron Paul is not.

  • tzontlilic

    wow, Mr.Green has no argument and can only resort to name calling.

  • vSHADOWVIPERv

    lacy clay = racist moron god bless the league of the south

  • mathers3000

    Mr. Green and Mr. Clay open for bribes from the FED

  • USRevolt

    In the 60’s most mortgages were 10 yr fixed rate. Why does Green think a 30-yr variable/adjustable mortgage is such a blessing? Or interest-only mortgage? I say get the housewives in there to straighten this mess out, along with Ron Paul. Most of the people on this panel are exceptionally illiterate as to how our monetary system really works. It works for the bankers to the detriment of the citizens. DiLorenzo and Vedder were great. Down with Keynes and End the Fed!

  • tzontlilic

    No inflation, no inflation, no inflation…
    I guess not. Since these rich criminal bastards do not need to do their own grocery shopping, get their own gas, and pay their energy bills.

  • HumanAction23

    Gosh, how convenient to have a govt economist there with ALL the answers. Heck, why not do QE III with $10 trillion. We’d all be rich!

  • nly8nchz

    52:52 Mr. Clay has not yet seen the Peter Schiff Was Right videos!

  • tzontlilic

    If Ron Paul does get elected, be prepared for a depression that will last for a few years.
    It would be a bitter medicine for the US and world economy, but it’s a medicine in need.

  • dpiddy022

    The Southern Poverty Law Center is a hate group.

  • GSDebunked

    MR CLAY!! WHAT A FUCKER

  • nly8nchz

    Mr. Frank is a funny guy. Thanks for calling out Mr. Clay on calling China currency manipulators.