Ron Paul: Allow The Free Market, Not The Fed, To Set Interest Rates

http://www.RonPaul.com

In his latest appearance on CNBC, Ron Paul explains to 'In Fed We Trust' author and Bernanke apologist David Wessel why we should end the Federal Reserve's power to set interest rates and engage in central economic planning. Wessel concedes that the Fed has been too secretive for its own good and has become the victim of public anger against bank bailouts. He goes on to perpetuate the myth that we live in a 'capitalist democracy' and that such an organization needs an 'independent' central bank. Ron Paul counters that the system is already thoroughly politicized and that we don't have true capitalism, but crony capitalism and economic interventionism.

Ron Paul is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies.

For more information visit the following sites:

http://www.RonPaul.com
http://www.CampaignForLiberty.com
http://www.house.gov/paul
http://www.DailyPaul.com
http://www.RonPaulForums.com

Category:

News & Politics

Tags:

• ron paul
• ben bernanke
• end the fed
• interest rates
• cnbc
• david wessel
• capitalism
• democracy
• congress

[jokerbookshop]

WE DO NOT HAVE FREE MARKETS AT ALL ! - Ron Paul

[nannyberries]

@T0B0KKE I totally agree. But in our current time, there would be a ruff time to be had, until a natural balance would be achieved. A lot of people see that as horrific. I don't, especially after it is over and the Free Market with a limited government and the rule of law is in motion. I have found that using the word fair can really heat up a conversation with someone that does not believe in the Free Market. Because what IS fair and who decides what that is. I agree with every thing you said.

[Spjungen]

Lol yeh this is funny now looking back on 2008 remember when everyone was talking about a "road to recovery"?

I was already laughing when they said it.

[Spjungen]

@nannyberries The question is whether we wanna have a recession now, a pretty bad one but one that can be recovered from, and quickly at that if you shrink government and redistribute all that money to the people, or continue inflating and eventually have a global economic collapse which is impossible to recover from period.

[dyingtolive123]

david wessel received some of bernankes jew money stash!! god damn cocksucker!!!!

[durhamdf]

@WordsofHarmony What are you talking about? Even in the articles of confederation, though many founders opposed it, the majority ratified the right of congress to sell bonds to allow deficit spending. And George Washington signed the charter for the first Bank of the United States. But anyways, the world is A LOT different than the 18th Century. A modern economy can't survive without stabilizing monetary policy. You want a weak central bank? Yeah that worked out great in the great depression...

[WordsofHarmony]

@durhamdf he is against a private NATIONAL BANK! He wont have a problem with private state banks. big difference. the Fed took us of the gold standards and cant be audited! its unconstitutional! the founding fathers warned us against a national bank

[T0B0KKE]

@nannyberries Exactly.

[T0B0KKE]

@nannyberries In a free-market system the big banks that exist today would never be allowed to be created, in theory. Oligopolies and monopolies in a free-market system are much harder to sustain. Knowing this, the job losses would be much lesser than in a monopolized corporatist system. Again if companies fail in a true free-market system, it's their own fault. Companies are made of people, so they have to carry their own responsibilities. It's cruel... But at least it's fair.

[nannyberries]

@T0B0KKE Your welcome. Now when you talk of the Free Market and know that to fail is part of the cycle, You will be hit with people saying"what about the people that loose their jobs because of that failure?