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There is a rousing discussion after the article in the Wall Street Journal about Bernake's testimony with lots of readers comments who evidently saw Ron Paul questioning Mr Bernake. At least it indirectly gave RP an opportunity to get some media coverage and for people to see how honest and how right he is.
I think that Paul as usual just took the time to makea speech rarther than question bernanke.Not unusual especially in the house. They tend to like to hear themselves more than the senate.
What is he supposed to ask Helicopter Ben?
The Fed will continue to print money and implement reverse communism regardless of what RP asks. That is, redistribution of wealth from the working class to the financiers through inflation.
You maybe right with pauls inability to engage in give and take he probably couldn't get off his scripted message.
Well there are times for give an take, and in the case of an election bid, he does certainly need to be more, "give and take" as you say. That being said, there is also something important about staying on message. What if Martin Luther King was more give and take instead of staying on message? Would he have been as effective?
I for one am glad that at least one person is on message and repetitive, as most Americans don't assimilate any information unless they are told a million times and it becomes fixed in their minds. His views are in my opinion very valid and worth listening to. If for no other reason than they are an important piece of a greater puzzle that seems to be ignored by most politicians today.
You and I may disagree on the messenger or even the specifics of the message, but I think we could both agree that things like monetary policy are important and probably should be discussed more frequently than they are, no?
That's one of the smartest interviewers I have ever seen on a Fox station. She calls out Bernanke for describing the stagflation we're experiencing while not saying the word. Panic is what they're concerned about. Global inflation, stagflation, decreased savings due to falling or negative equity in their homes. It's a bad situation.
The only slight disappointment for me from the interview is that Ron Paul mentioned the connection with production, or the lack of in the US, only once.
Certainly he did mention it, and in exactly the right context, but I think this aspect of the discussion needs the same amount of attention as debt-driven consumption and the debasing of the currency.
After all, a ratchet up in domestic production is the glass half full, is the way out.
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