Ron Paul questions Alan Greenspan at joint economic hearing (2004)
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Uploaded by RonPaulClassics on May 12, 2011
4/21/2004, C-SPAN
- transcript: http://www.safehaven.com/article/1483/fannie-and-freddie-to-the-rescue (scroll down to "Congressman Ron Paul")
- 27 likes, 0 dislikes
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Top Comments
All Comments (9)
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"debt and assets are two different things, and the federal reserve doesn't make that mistake" HA!!!!!!!!!!!! oh how I love watching the mighty fall!
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@ Pexterable I think he is saying that we shouldn't assess value to productivity or, anything really, we should just price it at whatever people BELIEVE it to be. He loves this idea because it fits in with his need for us to BELIEVE in the value of that paper money he keeps printing even though it slowly is not going to amount to shit.
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Milton Friedman is a fraud..
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Haha, they can't try to pull the wool over Ron Paul's eye's, he's knowledgeable and quite well learned in the economics dept. Paul's a genius, similar to Milton Friedman.
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Ron Paul is a genius and when it comes to economics he's brilliant, just like Milton Friedman. Research, listen, learn, read, do your homework people. He'd be the best President ever.
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Asset prices fluctuate, debt is static. When asset price collapse, the debt remains.
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RonPaul : "Im afraid were confusing debt with assets.."
Alan Greenspan: "No debt and assets are two wholey different things.. uh.. the federal reserve does not make that mistake"
No, Mr.Alan Debt and assets are not the same. That doesnt mean the Fed hasnt been making assets out of debt every time they print money.
GET OWNED!!! Ron Paul 2012!
ashkaji 9 months ago 9
Does anybody know wtf Greenspan is talking about?
Pexterable 5 months ago 3