Paul krugman and ron paul discuss economics as it happened. Texas congressman ron paul had an interesting exchange with fed. Ron paul the system will break no matter what the fed tries posted by. Ron paul decides to school him on austrian economics. Further, i am very confused by the response of chairman bernanke to questioning by congressman ron paul. Jerry robinson begins this weeks program with a discussion on fed chairman ben bernankes recent testimony before congress about the current state of the economy. If we were on the gold standard, oil and food would still be getting more expensive, and. Fed chairman ben bernanke had few friends in congress on wednesday as he responded to accusatins by ron paul that he loved paper money and was debasing the currency.
Ron paul and chairman bernanke discuss economics peak. Plunge protection, fiat money, and the fed by ron paul by ron paul digg this from the hearings on monetary policy and the state of the economy committee on financial services, the u. I have a question dealing with the working group on financial markets. Watch the latest news headlines and live events abc news live abc news 7,018 watching. I see a really, really smart economist responding to ron paul the same way you react to cousin.
Bloomberg tv hosted a showdown between ron paul and paul krugman. Please, as succinctly as you can, tell me what you think caused the depression. Chairman bernanke, you consider yourself an expert on the great depression, is that true ben. Ron pauls final questions for fed chairman ben bernanke. Congress appointed bernanke for his knowledge of how monetary policy contributed to the great depression and his belief in inflation targeting. But in end the fed, ron paul draws on american history, economics, and fascinating. Bernanke was once again tightlipped about possibly unleashing a new round of. By ron paul ron paul says trumps new trade treaty that replaces nafta actually increases government control. Ron paul, the texas congressman and author of end the fed, will soon run the. The typical mainstream intermediate macroeconomics textbook defines inflation as an increase in the overall level of prices.
So many people dont understand what this really means regarding inflation. Filed under 2012 election, business, debt, spending, and austrian economics, ron paul tagged with 2008 bank bailout, ben bernanke, freedom watch, iowa elections, judge napolitano. Last week federal reserve chairman ben bernanke delivered what may well be his last congressional testimony before leaving the federal reserve in 2014. Jerry and jennifer also discuss the recent global money pump, including the latest bailout in europe. One thing bernanke inadvertently made clear was that. Ron paul, ben bernanke, and the fallacy of using single. Bernanke appears before congress, here are a few visual aids he can use to show critics that quantitative easing is working. A new answer for our broken education system ron paul. Ron paul questioning ben bernanke at a house financial services. Ron paul, ben bernanke, and the fallacy of using single commodities to value the dollar lowhanging fruit.
Ron paul explains to rudy giuliani the meaning of the word blowback 2007 ron paul definition of a dollar on cspan on the stupid box. Previous fox news suspends gingrich, santorum next wsjnbc. Ben bernankes the courage to act the new york times. The republicancontrolled house is on track to take up pauls fed audit legislation next week. Ron paul hits ben bernanke at hearing, says fed has. Ben bernanke teach your children what money really is. Congressman and presidential candidate ron paul questions federal reserve chairman ben bernanke on is gold money. The head of the fed came right out and said what so many of us think. Bernanke, who succeeded alan greenspan as chairman of the federal reserve, are essential reading for anyone who wants to know exactly what happened at the federal open market. I too have spent some time studying the great depression. Ben bernankes new book is a mustread, which is to say it will be read only by those of us who must, of whom there are more than a few, which is the only possible explanation for our friends at. They actually contacted me, having just published the book ron paul vs. The public thinks that auditing means checking the books, looking at. In ben bernankes memoir, a candid look at lehman brothers collapse.
Ron paul in congress on wednesday, where the wellreputed antifed policymaker accused the fed of favoring large corporations over main street. End the fed and millions of other books are available for instant access. Bernanke denounces keynesian economics, to author book. Yes, i have devoted a substantial part of my career to the study of the great depression ron. New york cnnmoney in what is likely to be the last showdown between ron paul and ben bernanke, the federal reserve chairman. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Ron paul on the fed, stocks and gold trading nation cnbc. Bernanke writes in his own book about the events surrounding. A recent exchange between congressman ron paul and ben bernanke took place during bernankes. Ron paul hits ben bernanke at hearing, says fed has destroyed. Bernanke in testimony can show paul how qe2 works in. Bernanke has 25 books on goodreads with 8701 ratings.
A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment. Bernanke told the doddering former presidential candidate that. Supposedly, fed chairman ben bernanke is an expert about the great depression. It has been suggested to me that ben bernanke has been overpowered by the power of ron paul s incredible arguments about money supply during his congressional testimony.
I have apologized to congressman paul for using my authority to block his landmark legislation, and offered to coauthor a book with him on why we need to audit the federal reserve. Ron paul hits ben bernanke at hearing, says fed has destroyed value of real money. Federal reserve chairman ben bernanke on wednesday rebutted. Economists of the austrian school of economics define inflation differently than much of the mainstream of the economics profession. Ben shalom bernanke was chairman of the board of governors of the federal reserve system from february 1, 2006, to january 31, 2014. You get the feeling after reading this book, that paul sees his goal of cutting off the. Ben bernanke has publicly broken ranks with the republican party. In one of the more revealing passages of his justpublished book the. I see a really, really smart economist responding to ron paul the same way you react to. During his tenure as chair, bernanke oversaw the federal reserves response to the late2000s financial crisis. In his new book the amateur he reveals neverbeforepublished details about the obama administrations political inner workings, as well as barack and michelles personal lives. Ron paul has long opposed the concept of central banking and whenever the chairmen of the federal reserve system, the central bank of the united states, have had to testify before house congressional committees, ron paul has.
In other paul news,he breakfasts with his political foe, fed chair ben bernanke. The republican controlled house is on track to take up pauls fed audit legislation next week. House of representatives july 20, 2006, washington, d. Federal reserve board chairman ben bernanke testifies on capitol hill in. Ron paul on the fed, stocks and gold trading nation. Gop presidential contender takes issue with ben bernankes policies at the fed. Unfortunately, his farewell performance was full of contradictory comments about the state of the economy and the effects of fed policies on the market. Ron pauls supporters see the might of his common sense slashing through the doubletalk of the financial solons.
Paul krugman last month, to see if i would come on their program to give my view of the debate. I bought it a long time ago and havent read it again. Ron pauls case for sound money policies and the end of fed. Ben bernanke, now yellen, and im almost becoming infuriated if i could use that word carefully because of the learning curve. Nyt magazine piece saying fed chair ben bernanke had been assimilated by. No reflects both his medical degree and his assertion that he will never vote for legislation unless the proposed measure is expressly authorized by the constitution. Chairman ben bernanke facedoff with fedhating representative ron paul during his monetary policy report to congress on wednesday. Ron paul courageously fights ben bernanke and the federal reserve for 3 rounds.
Ron paul and bernanke as they discuss the real inflation rate. The political positions of ron paul rtx, united states presidential candidate in 1988, 2008, and 2012, are generally described as libertarian, but have also been labeled conservative. Ron paul with federal reserve chairman on definition of inflation 07212009. Gop presidential candidate ron paul took a break from campaigning today and diverted his attention back to his role on the house financial services committee with the semiannual visit of federal reserve chairman ben bernanke. Ron paul retiring this year, his epic battles with federal reserve chairmen are coming to an end. House financial services committee meeting shortly after reports surfaced that the federal reserve was preparing for a third round of quantitative easing. Wednesday is ron pauls last chance to grill federal reserve chairman ben bernanke on the feds role in destroying the economy and the dollar. Ron paul and ben bernanke are locked in a clash of titans. That would have reduced or eliminated many of the lies, deceptions, and corrupt practices that are described in my book. Paul, the 74yearold house libertarian from texas with the highpitched voice, has fought for decades to kill off the federal reserve. The federal reserve and the financial crisis is a helpful primer on modern central banking by one of its preeminent practitioners. Gop presidential contender takes issue with ben bernanke s policies at the fed. To a seemingly near off the cuff question by congressman paul on federal reserve money provided to the watergate burglars, chairman bernanke contacted the inspector generals office of the federal reserve and requested an investigation 12. The argument has particular weight this week, as the house is set to take up and likely pass next week pauls bill to force the federal reserve to.1061 1273 1467 378 373 396 873 205 8 1370 1081 100 471 222 1136 486 1437 1473 514 1313 1386 907 80 961 683 1025 349 33 316 304 721 967 718 200 1143 755 596 1209 697 564 750 499 730 631 1458 153