Ron Paul Addresses Inflation and the Economy to Bernanki

Dr. Ronald Paul Explains Moral Hazard to Ben Bernanke. Dr. Ronald Paul addresses Banking committee sub-prime mortgage market meltdown hearing. Moral Hazard is the topic. The Privately Owned Federal Reserve Bank Corporation chairman, Ben Bernanke gives a lame answer to Ron Paul's well thought out question.

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CiaraG's picture

Address to Inflation

I was watching this news when I am on my flight somewhere in Europe after I take back from the ash cloud because of the eruption of Mt. Eyjafjallajokull. I guess the address that was given by Ron Paul to inflation and to the economy as well is very idealistic and I agree with him at some point.

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"The connections piled up quickly. Contra planes flew north to the U.S., loaded with cocaine, then returned laden with cash. All under the protective umbrella of the United States Government. My informants were perfectly placed: one worked with the Contra pilots at their base, while another moved easily among the Salvadoran military officials who protected the resupply operation. They fed me the names of Contra pilots. Again and again, those names showed up in the DEA database as documented drug traffickers. When I pursued the case, my superiors quietly and firmly advised me to move on to other investigations."

— Former DEA Agent Celerino Castillo, Powder Burns, 1992