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Ron Paul talks about Bernanke's testimony

Ron Paul talks about Fed chairman Ben Bernanke's testimony in front of the House Financial Services Committee yesterday. Our economy faces enormous difficulties and one of the biggest culprits is ...  
 
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This is a video response to Ron Paul vs. Ben Bernanke
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annahawley (3 weeks ago) Show Hide
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Texas needs to vote this guy into retirement
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irrationalxuber (9 months ago) Show Hide
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Inflation only becomes a tax after monetary increases begin to contribute to an increase in money-wages. This occurs at levels of output to some extent before full employment and completely after full employment. Read The General Theory of Employment Interest and Money Chapter 21
hoodoo961 (3 weeks ago) Show Hide
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Wow, someone else who has actually read the General Theory. I didn't know there were others out there. Thats what I always tell these people who bash Keynes, to read the General Theory before talking trash about it. It all makes sense once you've read it.
Vnntbls (3 weeks ago) Show Hide
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@irrationalxuber

It becomes a tax as soon as it affects prices, due to sticky wages, as well as the time structure of capital. Likewise, you can't decouple the short from the long run.
irrationalxuber (1 week ago) Show Hide
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Yes to a certain extent it is a tax, but it is distinct from the arbitrary devaluation by the government and is mitigated to the degree that of additional goods are being produced, and the social benefits of a greater level of employment. Arbitrary taxation, by analogy, is as if at a poker table the government deals itself more chips without adding to the pot, where as latter type is as if a player was allowed to buy in for the same amount of chips using less money.
PTTHOR (1 year ago) Show Hide
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This can't work... the two countries that would share our same currency you speak of the (Amero) don't have the gold, or silver to support their own countries, so what would their Amero's be backed by?
The way it is supposed to happen with the Amero, is to erase the borders first by the means of "Free trade agreements" and then all three nations would merge financially (like the EU) and then they survive by leaching off of our wealth and resources.
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friendlyjun (1 year ago) Show Hide
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rusH1023 (1 year ago) Show Hide
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It's obvious that these issues are WAY above your head. You have no clue what you're talking about. Ron Paul doesn't want a free market economy anymore. He's AGAINST the Fed and the Shock Tactics/Capitalism that's been the precedent with the Bush Administration.

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