Does Alan Greenspan endorse Ron Paul?

Big, there are many ways to reduce military spending - close down some of the 700 existing bases, etc.

Increasing the money supply always means redistribution of wealth.

Increasing the money supply during a recession serves no purpose, b/c a recession means the trend of the consumer is towards saving and not spending - the increased money supply "fights" the trend.

When savings is the trend - investment in future production is also the trend, the economy is still "growing". .

Ron Paul is an absolute idiot lol

your retarded

cmon man anyone studies economics knows that Ron Paul doesn't know shit about economics. He graduated from grad school with a freakin degree in medicine, now he's arguing with Bernanke, Greenspan about their econ policy while these people all were summa cum laude phd in economics from top colleges. Look at his answer in the interview lol. Now if America drop the income tax as he suggested, budget deficit will skyrocket and the country will go bankrupt. Listen to the shit that he says at 2:24.

If you could cut military spending, decrease or get rid of the welfare state, you would save trillions hence not needing the income tax, if you continued spending at the rate we are and cut income tax you would be right. Besides we do not fund many of or policies by income taxation most of it is done by inflationary taxation meaning the fed reserve just increases the money supply (by printing money and monetizing the debt) causing inflation that we all pay for by having a weakened dollar.

Although I agree that we should decrease military spending, we cannot do it substantially because of security and political reason. Besides, income tax has crucial roles in redistribution to reduce inequality, so it is absolutely necessary. Increasing money supply is important because when a country get into recession, increase money supply help increasing aggregate demand. Also, increasing money supply doesn't mean inflation, in fact, we were in deflation at the time of the crisis.

lol so u would rather listen to people with big badges instead of listening to people like ron paul who predicted our recession. u talked about wealth redistribution reduces inequality. how is it moral to steal from rich people if they have commited no fraud? how is it practical to punish people who create jobs for the poor?

Chairman Greenspan, already Admitted in Many,many- TV interviews that the FED answers to No President or Government,,there Above the LAW..Never be investigated or Audited!!

We need to AUDIT THE FED, which is actually a bill by Ron Paul that is currently in committee at this very moment as HR 1207. Please call your Representative and ask them to support it. There are already 124 Co-Sponsors for it. But then we need to keep the pressure on because the Senate will try and pass a bill that takes the teeth out of an audit, much like the current GAO audit authority is extremely limited.

the government should be cut in 20