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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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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Ron Paul to Fed: Enough is Enough!

At today’s House Financial Services Hearing, Ron Paul spoke for millions of outraged Americans when he accused the Federal Reserve of conducting its business in secret and of hiding important facts, such as the contents of its meetings with other central banks, from Congress and the public. He called on …

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