Why Big Bankers and Corporations Love Obama

Successful Economic Policies? For Whom? by Ron Paul Last week, in the wake of another uptick in the official unemployment rate, the administration continued to claim that their economic policies were working, just not fast enough. This administration inherited an unemployment rate of 7.7% and promised a peak of no …

Continue reading

Ron Paul: The People Can Handle The Truth About Unemployment and Inflation

Ron Paul tells the Joint Economic Committee that the people can handle the truth about unemployment and inflation numbers. Real unemployment is at 22% and real inflation is at 6% according to the original method of measuring the CPI. Date: 07/14/2010 Event: Joint Economic Committee Hearing Transcript Ron Paul: I …

Continue reading

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 …

Continue reading

Ron Paul Explains to Keynesian Economics Professor Why Inflation is Bad

At today’s House Financial Services Committee hearing Ron Paul asked Laurence Ball, Larry Meyer, Marvin Goodspeed and John Taylor about inflation, the government’s role in the value of money, and the Federal Reserve’s monetization of debt. Location: House Financial Services Committee Hearing: Unwinding Emergency Federal Reserve Liquidity Programs and Implications …

Continue reading

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 …

Continue reading