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Ron Paul and Paul Volcker Discuss Fiat Currencies

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By RonPaul.com on February 27, 2009

In the “Hearing on Restoring the Economy: Strategies for Short-term and Long-term Change”, Ron Paul and Paul Volcker discuss the history, present and future of fiat currencies. Date: 2/26/2009 Transcript: Chairman: Mr. Paul for one minute? Ron Paul: Thank you, Madam Chairman. I, too, hear my voice all the time and I’m sure the rest [...]

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“We need to take away the government’s money power. The banking industry needs its welfare check ended. The dollar’s soundness depends on its being untied from the machine that can make an infinite number of copies of dollars and reduce their value to zero.”— Ron Paul, End the Fed