Ron Paul's Subcommittee Hearing 2/9/11: Can Monetary Policy Really Create Jobs?

http://paul.house.gov
http://CampaignForLiberty.com

More info on the hearing here, including official statements from the witnesses:
http://is.gd/GbUGhw

This is the first hearing held by Dr. Ron Paul as Chairman of the Domestic Monetary Policy and Technology subcommittee, which, among its other duties, oversees the Federal Reserve.

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[Xenthoid]

hmm 24,931 view for a subcommittee hearing...normally this would have around 20 views... definitely different times...

[coheart333]

Any of these representatives that don't agree with Ron Paul's basic believes in the Feds position in the US should not be in government representing us and are truly ignorant to economics and The Fed.

[blackjack6625]

Strange hand signals from dreadlock guy at 29:51

[uk6strings]

Clay's rant: Wow. It must be great to be a Washington big wig - to criticize a man right to his face and not allow him to respond. It's cowardly and shameful, really.

[learashka]

Best line: "at least JP Morgan has some skin in the game. He had some money in the game. When the banks failed, he failed. What does Bernanke have in the game? He gets a salary any way then goes off to work for Goldman Sachs."

[dearAcushla]

Whether it's now or later, the piper must be paid. Though the world abounds with whimsical manmade laws & schemes, natural law cannot be refuted. Best to begin the correction now rather than down the road with more borrowing added to the dilemna.

[Pizzy2845]

Barney... I'm from South Africa... We didn't manipulate currencies... But we can feel the inflation. From the Oil prices you drive up with wars to keep your GDP up, to the trillions you've dumped in the world economy. The USA is the engine that drives the devaluation of everyone else money. Its one thing to steal from your people, but who gave you the right to raid my bank account?

[pak88xbl]

US monetary policy is "deferred pain". If we pretend there isn't a crisis, then maybe there really isn't one? Problem with Keynesian thinking is that in the real world government debt doesn't get unwound, it just keeps accumulating. If the government gets their hands on any real money, they spend it. When was the last time the government paid down on the debt? In 1900, the national debt was about $724 per taxpayer (in 2010 dollars)... today it's over $100K... scary.