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Interest rates
Ron Paul: What If the Fed Couldn’t Buy Government Debt?
164 ResponsesIf the Fed couldn’t buy government debt, interest rates would go up and the Congress would have to cut back spending. Date: 01/26/2011 Transcript Ron Paul: Thank you, Mr. Chairman. And I appreciate you holding these hearings, because the subject of unemployment certainly is one issue that everybody in the Congress agrees with. We’re worried [...]
The Bizarre Art of Central Banking
56 ResponsesRon 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 Chairman Bernanke. During the early [...]
Regulations Won’t Help as Long as There’s a “Lender of Last Resort”
19 ResponsesRon 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 the markets were hanging in [...]
Allow The Free Market To Set Interest Rates – Not The Fed, Not Congress
3 ResponsesIn his latest appearance on CNBC, Ron Paul explains to “In Fed We Trust” author and Bernanke apologist David Wessel why we should end the Federal Reserve’s power to set interest rates and engage in central economic planning. Wessel concedes that the Fed has been too secretive for its own good and has become the [...]
Ron Paul interviewed by Steve Forbes on Auditing the Fed
2 ResponsesShow: Forbes.com’s Intelligent Investing Host: Steve Forbes Date: 01/09/2010 Transcript Steve Forbes: What precisely will your bill on auditing the Fed do and not do? Just clear that up. Ron Paul: Matter of fact, it’s a pretty weak bill when you think about it. Steve Forbes: Seems pretty mild. Ron Paul: From their viewpoint, it [...]
Ron Paul at the Financial Services Committee Hearing
1 ResponseDate: 11/4/2009 Venue: Financial Services Committee Hearing Transcript: Ron Paul: I thank you, Mr. Chairman. Earlier this year, Secretary Geithner had an interview and he said that the main source of our problem with this economic crisis was that we kept interest rates too low too long. And I certainly agree with him on that. [...]
Ron Paul: Common sense tells us that we can’t live on credit
2 ResponsesIn Thursday’s interview with Steve Gill, Ron Paul explains that common sense tells us that we can’t live on credit, how savers are being cheated, and why there should be more accountability in government spending. Show: Steve Gill Mornings Host: Steve Gill Date: 3/12/2009 Transcript: Steve Gill: We have Congressman Ron Paul with us, and [...]
