Congressman Ron Paul Questions Chairman Bernanke at Joint Economic Committee Hearing
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- čas přidán 14. 04. 2010
- Joint Economic Committee Hearing on 4/14/10 "The Economic Outlook" with witness Ben Bernanke, Chairman, Board of Governors of the Federal Reserve System.
We would take our share of the loss. When you print (digital) cash from nothing.
What a funny economy we have
❤
It’s all a bubble
1 year later Jay , still looking for some enlightenment mannn
34.56 Trillion.
Ben likes FIAT MONEY.
Yeah, commodity money is terrible.
See: human history and the truly ridiculous number of crises it caused because of monetary policy inflexiblity with respect to shocks
Ron Paul doesn't get monetary economics and libertarians really need to go read economics books published in the last 100 years...
Huh.
I knew Ron Paul had no idea what he was talking about but good fucking lord
His explanation of how MMT works is correct. What is it you think he gets wrong?
enlighten us Jay
enlighten us 😂😂😂
He confuses how MMT works. MMT explains how and where the government gets an endless amount of cash to do whatever it wants to do whenever it wants to do it. It's what makes our country #1 in the world because the dollar is #1. Since we control the dollar, the government is given aa much as it wants. This does NOT affect the normal economy of the working man and Paul does not understand that. For example, individual banks and corporations get bail outs - not everyday people.
@@Skipbo000As far as being wrong goes that's a big one. And there's a lot of competition for that on the internet, so well played.