The Folly of the Federal Reserve | THE PLAIN TRUTH by Judge Napolitano 10/20/11

A government regulated and centrally planned economy has never produced personal prosperity or enhanced human freedom at any time in history. So why do we have on in America? Tonight: The Folly of the Federal Reserve

Originally aired 10/20/11 on "Freedom Watch with Judge Napolitano" on Fox Business Network

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[MrZocam]

END THE FED NOW!!!



[1776Rosco]

Ron Paul/Andrew Napolitano 2012 or BU$T !!

[WalkinLA]

Despite the excellent summary re the Fed, it's rather telling that he pitches his own book!

[Mark Campbell]

Where do you come up with this? "Without the Fed, there is too much boom to bust". Dude, you should stick to regaling your friends at frat parties with your beer pong skills. Discussing economics requires reading and thinking. What you have said is absurd even to the most pedestrian mind.You are stating is that by subsidizing demand with an increased money supply, people will by less of things that bring enjoyment.

[amerlibmov]

The Fed didn't have anything to do with the collapse of 2008. That was caused by the Clinton admin's HUD secretary Andrew Cuomo threatening banks with law suits and criminal penalites if they didn't meet quotas for subprime loans. These bad loans ended up on Wall Street, eventually collapsing the DOW and AIG and the economy followed. The U.S. remains stuck in recession because Obama's stimulus package failed to restore UE and revenues. The Fed didn't have anything to do with the collapse.

[amerlibmov]

Without a Fed there is too much boom to bust and recessions last too long with too much family dislocation. Napolitano is incorrectly attribuitng economic problems caused by the congress (deficit spending) to the Fed. He's opening a can of worms that would set the country back to the 19th century.

[LazyOtaku]

I'll never have 45k in my lifetime, unless the banks loan it to me..

[MrWoundweaver]

LOLZ, and bust it will be if he doesnt win

[Vigilance4Life]

Ron Paul pointed out in another interview that you don't even have to end the Fed to solve the money problem. All that is needed is the allowance of competitive currencies. Take for example the Liberty Dollar. It had real value and the people liked it but unfortunately the governtment convicted the creator of the Liberty Dollar of terrorism by claiming that he was trying to undermine the national currency! This country is so badly in need of Ron Paul for President! Respect the Constitution!

[vic3003]

Anyone who still supports the New World Order is brain dead or a paid agent.