Ron Paul: The Federal Reserve Fails To See The Big Picture

Statement of Congressman Ron Paul United States House of Representatives Statement for the Record March 25, 2010 Mr. Chairman, today the Federal Reserve finds itself in an unprecedented and unenviable position. It has boosted the monetary base by nearly $1.5 trillion since September of 2008. Excess bank reserves remain at …

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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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