by Wendy Macy
YouTube
Tue, Nov 10th, 2009 12:00:00 am
Source: WendyMacy.com
Rand Paul and Peter Schiff respond to the erroneous claim that inflation is not a problem and that we should really be concerned about deflation. Also, Sean Ryan, a liberty activist from Boston, talks about his confrontations with Barney Frank and the president of the Cleveland Federal Reserve Bank.
The Federal Reserve has increased the monetary base to an unprecedented level. If that money works its way through the economy, we will see inflation. Bernanke claims that the Fed can reduce the money supply if necessary, but Rand Paul suspects that if stagflation occurs (high inflation plus a slow economy), the Fed will not be willing to reduce the money supply.
At the root of the problem is the fact that the Federal Reserve claims to control inflation, when it is really the vehicle for inflation.
Rand Paul and Peter Schiff are 2010 Senate candidates who are speaking boldly about the Federal Reserve.
Rand Paul and Peter Schiff respond to the erroneous claim that inflation is not a problem and that we should really be concerned about deflation. Also, Sean Ryan, a liberty activist from Boston, talks about his confrontations with Barney Frank and the president of the Cleveland Federal Reserve Bank.
The Federal Reserve has increased the monetary base to an unprecedented level. If that money works its way through the economy, we will see inflation. Bernanke claims that the Fed can reduce the money supply if necessary, but Rand Paul suspects that if stagflation occurs (high inflation plus a slow economy), the Fed will not be willing to reduce the money supply.
At the root of the problem is the fact that the Federal Reserve claims to control inflation, when it is really the vehicle for inflation.
Rand Paul and Peter Schiff are 2010 Senate candidates who are speaking boldly about the Federal Reserve.
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