Ron Paul to Ben Bernanke: Price Fixing Doesn’t Work, So Why Does The Fed Do It?

At today’s House Financial Services Committee hearing Ron Paul criticized the Federal Reserve’s policy of hiding information about troubled banks from the public. The Congressman then asked Ben Bernanke about the Fed’s balance sheet and inquired as to why the Fed engages in price fixing (of interest rates) even though …

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Tim Geithner “Agrees” With Ron Paul – But Still Wants To Keep The Fed!

Ron Paul questioned Treasury Secretary Tim Geithner today on the Federal Reserve’s price fixing activities and the moral hazard generated by a “lender of last resort” that, in cooperation with the government, picks up the pieces and bails out insolvent banks and companies. Geithner agreed that we need to deal …

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The Bizarre Art of Central Banking

Ron Paul teaches Ben Bernanke a lesson on Austrian free-market economics, but the Chairman is not listening. Instead, he tries to defend his actions by asserting that “central banking is an art” that requires guesswork. Location: House Financial Service Committee Date: 03/17/2010 Transcript Ron Paul: I have a question for …

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Regulations Won’t Help as Long as There’s a “Lender of Last Resort”

Ron Paul attacks the Federal Reserve’s price fixing activities in his opening statement at the House Financial Services Committee hearing on bank supervision and monetary policy. Location: House Financial Service Committee Date: 03/17/2010 Transcript Ron Paul: This is an important day because this is the day that FOMC met and …

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Action Alert: Audit the Fed!

The Federal Reserve is the chief culprit behind the economic crisis. Its unlimited power to create money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. By recklessly inflating the money supply the Fed intentionally distorts interest rates and erodes the …

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