Ben Bernanke said Ron Paul made " An Absolutely Bizarre" allegations about the FED

[heavenlyboy34]

I'm not aware of any Austrian economist that favored Reaganomics. Rothbard (disciple of Mises, originator of AE) loathed Reagan's nonsense. See "The Myth of Reaganomics" by Rothbard. Austrian Econ is not "horse droppings". The modern Austrians predicted the recent market crashes while the Keynesians were ecstatic over their delusions of prosperity through debt. Krugman(among many others) has made a fool of himself with crackpot, fascist Keynesian nonsense.

[Caballingus]

The FED is in fact currently bailing out Greece via its european branch, the ECB.

END THE FED AND THE OTHER TREACHEROUS CENTRAL BANKS WORLDWIDE!

[MasterOfSparks]

You can tell what these RP freaks REALLY mean by "freedom" when you say something against their fuhrer and they go totally apesh*t. Apparently speech isn't on the list of freedoms that have in mind. More like the freedom to compete for slave wages with the Chinese. Can any of you RP clowns name one thing he supports that favors the workers? Unions? Tarrifs? OSHA? No I didn't think you could. It would be a lot easier if you fools would just move to China rather than tear down the USA.

[heavenlyboy34]

@MasterOfSparks Eliminating the income tax, return to sound money, ending foreign wars-the costs of which are borne mostly by the middle class and poor. Nobdy "goes apesh*t" just because someone says something bad about RP. People "go apeshit" when others lie about and slander him-which is about all the RP haters are capable of doing.

[MasterOfSparks]

@heavenlyboy34 Eliminating the income tax would continue the policies that got us into this mess. The rich need to be taxed or they will hoard EVERYTHING. We had a GREAT economy till Reaganomics destroyed it. RP is the least offensive of the Republican candidates. But the Austrian economics he believes in is horse droppings.

[heavenlyboy34]

@MasterOfSparks You are incorrect, sir. The "Uber-rich" don't pay taxes because they earn dividends, not income. Even if they DID earn income, they would be able to afford attorneys to find all the loopholes and avoid taxes. The burden WILL fall on the poor and middle class, as it always has. (inflation makes this effect even worse because the poor/middle class sees their wealth wiped out and the "rich" see their assets appreciate) Reaganomics was a joke.

[1dtbimp]

Ron Paul CAN FIX the economy for years to come. This is all you have to read, for god sake I hope you read it. Google this: "Abolish The Federal Reserve Act of 1913" I had no idea until I read this. I'm a college student and usauly I mind my own buisness with this stuff, but just trust me you gatta read this. If you want to make a difference sign the petition!

[MasterOfSparks]

@1dtbimp Ron Paul can do NOTHING as President without support in Congress. Republicans will not support him. I think a lot of RP fans don't understand how our system of gov't works.

[2stage90]

We pay these guys to do their job, but damn are their alot of empty seats.

[hotsauce3087]

Ron Paul is 100% correct, read the Constitution. "Ben Bernanke should be taken away in handcuffs and thrown in a FEMA coffin. Take Tiny Timothy Geithner"

Ben Bernanke + Timothy Geithner are frauds and cheats. Congress is sleeping with the FED. RonPaul is on POINT !!!

[y0k0z00na]

FUCK that cock sucking Jew-fag Barney Frank! Sounds like he's got his teeth knocked out by one too many dicks in the face!

[durhamdf]

HAHAHH 3:47 is why you "libertarian "economists" need to go back to school and study economics! Ron PAul IS NOT AN ECONOMIST! He has never studied ANY economic theory in his entire life at ANY university (including the retarded fringy Austrian Economics which he promotes ignorantly)! The man is a fucking country doctor! It would be like asking your plumber to do your taxes, it is fucking retarded. And anyone, like Mr. Paul, who think that Macroeconomics is simple black and white is a moron.

[waynebollman]

@durhamdf How many of our presidents (or congressmen) have been economists then? Like one or two maybe? I love how standards suddenly get raised through the roof the second Ron Paul steps into the room. Now, all of the sudden, the only way anyone can know anything about anything is if they have a PhD in it from Harvard or Yale?

[durhamdf]

@waynebollman you hit on it exactlybuddy. Other congressmen don't break with what 99% of the economic community says and push their own retarded brand of economic theory. If I say, that I generally accept the theory of gravity, I don't need to be a scientist to say this because there is a general consensus among the experts that this is the case. However, if I come out and say that gravity is caused by farting, I better know what I am talking about and have some evidence to support it...

[heavenlyboy34]

@durhamdf Ron studied econ with Von Mises and Rothbard. You ought to read his books and essays on economics and sound money. His degree is not in economics, but a degree alone does not make a good economist. Adam Smith only studied social philosophy at oxford, but he was still an economist whose ideas we still study today.

[durhamdf]

@heavenlyboy34 Ron Paul didn't study with anyone, he has no degree in economics. He is a freaking country doctor. Being friends with a fringe lunatic economist like Rothbard doesn't make you a freaking expert. How many friends do you think Paul Krugman has... would you listen to their opinions on complex macroeconomic issues with their only qualification being they know Krugman? If Paul was so interested in economics why didn't he bother to study it in ANY institution legitimate or otherwise?

[heavenlyboy34]

@durhamdf Ron Paul did in fact study economics. He didn't get his degree in it, but lots of people with degrees in econ are miserable failures (i.e. Krugman). Rothbard was not at all a "fringe lunatic". Nice ad hominem, though. He was even commissioned by the Volker Fund, writing numerous papers. That work is now published as "The Private Volker Fund Memos of Murray N Rothbard". Ron Paul wrote the minority report for the Gold Commission in 1982.

[heavenlyboy34]

@durhamdf Regardless of where studied economics, his economic plans have to pass through congress to even be implemented, so it shouldn't be a huge concern to you.

[durhamdf]

@heavenlyboy34 lol true that. There is a reason that Rothbard's theories aren't taught at any legitimate universities in any country! He is the definition of an anarcho-capitalist. It isn't an Ad Hominem attack to point out that the theory the man promotes is fringy and nuts. I didn't mean Rothbard is crazy and therefore the Austrian School is crazy. I meant Austrian Economics is fringy and not given any credibility by any legitimate schools of economics and therefore so was Rothbard

[heavenlyboy34]

@durhamdf Actually, AE is taught at several "legitimate" universities. Among them, Loyola In New Orleans (esp. Walter Block) and George Mason university (esp. Walter Williams). Then there's University of Virginia; the University of California, Los Angeles (UCLA); Florida State University; and the University of Chicago. There are graduate programs at University of Virginia; the University of California, Los Angeles (UCLA); Florida State University; and the University of Chicago...

[heavenlyboy34]

@durhamdf ...You can find graduate programs in AE at NYU, George Mason U, and Walsh College of Accountancy and Business Administration, among others.

[heavenlyboy34]

@durhamdf AE is only considered "fringe" because pseudo-intellectuals in elite universities and print media say it is (ala Krugman). It's true that Mises himself didn't care for Rothbard's anarcho-capitalism, but he did call Murry "The Great System Builder". No rational person can dismiss Rothbards contributions to economic thought and history. (check out his multi-volume history of economic thought sometime)

[durhamdf]

@heavenlyboy34 HAHAHH the great system builder? Rothbard was against any systems of economics. THe man criticized any economic theory as aggregating using incomplete information. He was an anarcho capitalist! Meaning he believed understanding macroeconomics was meaningless because nobody should do anything to interfere with natural market processes. AE is fringy because we learned in the 19th century that failure to intervene as classical economics promoted gives you depressions every 20 years!

[heavenlyboy34]

@durhamdf Rothbard hated STATE systems. His system of libertarian theory integrated natural law theory, using a basic Aristotelian or Randian approach; the radical civil libertarianism of 19th century individualist-anarchists, especially Lysander Spooner and Benjamin Tucker; the free market philosophy of Austrian economists, in particular Ludwig von Mises, into which he incorporated sweeping economic histories;and, the foreign policy of the American Old Right–that is, isolationism.

[heavenlyboy34]

@heavenlyboy34 it was once believed that failure to intervene in an economy causes depressions every 20 years, yes. Austrian business cycle theory proved that to be false.

[durhamdf]

@heavenlyboy34 proved? And it did this how? All the Classical Economists proved is that when they were in charge we had a MUCH more volatle economy, much lower growth, and a non-existent middle class! Since Keynesians and to a lesser extent monetarists took the reigns we went from a middle ground economy with depressions every 20 years to the undisputed economic hegemon without a single depression since! I would call that all the PROOF in the world of AE's massive failure in comparison!

[Propagadaseeker]

@UBSCARED is that the best you can do turd?

[HoLOLcaust]

What I don't understand is how the fuck did the FED ever even get passed? The Constitution clearly states that Congress will make the money. We should do the same thing to Bernanke, Rothschild, Rockefeller, Obama, Cheney, Bush etc. that we did to Mussolini.

[perlaand]

Keep pressure on the FED. They are responsible or co-responsible for what is happening to this nation. They participate, allowed, or cause directly or indirectly the bankruptcy of millions. Maybe the best solution is to end the FED for good. The FED just serve to serve the financial industry and its many crooks.

[seven7eagueboots]

"These specific allegations you've made I think are absolutely bizarre"...Ben is THE MAN. Paul needs to check his conspiracy theories at the door.

[Propagadaseeker]

@seven7eagueboots - Ben Bernanke should be taken away in handcuffs and thrown in a FEMA coffin. Take Tiny Timothy Geithner to camps as well.

[seven7eagueboots]

@Propagadaseeker - An eloquent and rationally argued solution. Keep it up.

[Propagadaseeker]

@seven7eagueboots - oh I forgot to mention Nancy Reptilian Pelosi. Hand cuffs to the camps they go. I agree with Dr. Paul END The FED, problem solved.

[Philhelm]

Bizarre indeed. Oh look, they're going to bailout Greece. Who knew?

[hammerandgrace]

I don't make many comments but this one I will. Fithavenuegirl I have made that same statement. I would take a bullet for Ron. His two books Revolution A Manifesto and End The FED have changed my life completely. His track record is by far the best ever. Believe it when he says his vote is not for sale like so many others who just give in to the system. There are no strings on Dr. Paul.

[fifthavenuegirl]

I LOVE RON PAUL. What we have are sociopaths and narcissistics running this planet with only sprinklings of healthy normal individuals in political positions of power to be in front of the camera and help steer policy. If anything happens to Ron Paul, ALL HELL WILL BREAK LOOSE.

[hammerandgrace]

@fifthavenuegirl Thank you.

[SupraSovereign]

Bernanke needs to go back to Israel, rebuild his temple and be a money changer OVER THERE like they did 2000 years ago, just prior to Murdering Him by Conspiracy Mark 11:18! Leave the US alone!

[SupraSovereign]

Get the centralize global fascist slave master International extremist banking establishment OUT of our affairs.

REPEAL BRETTON WOODS TREATY! See article 7 whereby the bankers are the sovereign.

[charrobSix]

Many thanks for posting this video since having a 'Federal Reserve' is unconstitutional.