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Ron Paul to Bernanke - Moral hazard of currency devaluation

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Uploaded by on Sep 20, 2007

09.20.2007 : Testimony before House finance committee on the subprime crisis.

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  • Dr. Paul is not only an economic scholar who fully understands the crisis our economy is facing, but has more principled integrity than any other candidate.

    He will serve our country well as our next President.

  • I listened to an argument, consisting of 4 minutes of complete truth to be countered by 30 seconds of a complete lie. And this is our news??

    Ron Paul is our ONLY hope. Donate this Sunday!

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  • @nicolatwo

    Silly person, Moral Hazard is a term used in economics.

    Anyway, creating a minimum wage drops the demand for labour, meaning that there would be less jobs available to people working at NAFTA.

    Again... something that is so damned obvious, if you just happened to study a little economics.

  • when paul volcker raised interest rates.. those were the rates on the mortgage loan?  when ron paul talks about interest rates.. he's talking the window rates at the FED?

  • He should have been, but Washington and Wall Street have too many special interests to not stop the fiat gravy train. Look at what they're doing with health care. Just another government funded program. Medicare, CRA, Fannie and Freddie Mac, Nasdaq bubble - all government programs just to distribute fiat currency. All booms have busts.

  • Ron Paul has been right on the money all along.

    He should have been elected president.

  • For dagreat1s: Sorry you took my criticism towards Ron Paul and Dick Cheney personally. It's valid criticism to say that Ron Paul would not do "wonders" for this country. But you responded with ad hominem attacks against me, which are invalid argumentation strategies.

  • nicolatwo, you offer such insightful wisdom Cro-Magnon man. From "HaHa", "Ron Paul is worse than Dick Cheney" to "It's hard to beat Cheney in terms of being bad as we all know by now".

    When speaking in terms of your intellect, calling it "bad" as we all know by now would be like calling Bush's reign in office "a minor setback". You, much like Bush are a failure of epic proportion.

    Do your part to help control the population of ineptness... go play in traffic.

  • For degenerated1s: Ron Paul and wonders for this country. HaHa. Ron Paul is worse than Dick Cheney. And it's hard to beat Cheney in terms of being bad as we all know by now. Are you a Neanderthal?

  • Ron Paul is talking about moral hazard. Pointing the finger. But he got mad at Bill Clinton for creating a minimum wage for NAFTA. Ron Paul wanted to create 0 minimum wage for NAFTA. Not too morally safe in my opinion.

  • American do not want change. They just want new faces in Washington.

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