Ron Paul vs Ben Bernanke - Monetary Inflation - 11.08.07

pump pump pump money.

Ron Paul leaves out the part about the fact that most money newly created(credit) is simply debt. So debt grows with the money supply and that leads to a whole whack of other problems.

Well that's why you don't understand the problem of going back to a system where money is backed by gold or silver...

Printing moneys great for those that get it first, but as it gets passed around it devalues the money you have in your pocket, bank, and what you get from work, its clearly a hidden TAX, and in fact is destroying our country, just so Obama can look good, what happens after hes gone and were left holding the bill?

What Bernanke is saying is that inflation is NOT a problem as long as it is kept relatively low. If the dollar is devalued that affects both the producer and the consumer with an overall effect of nothing, provided both are operating domestically. The trade deficit/surplus is the only major measurement that is effected by a strong/weak dollar. Ron Paul likes to talks like he knows economics, yet he is in favor of a gold-backed currency? What is this the 18th century?

I'm worried about them.

You could see a little nod, like he knows Ron got it right.