Well, congressman, these specific allegations youve made i think are absolutely bizarre, and i have absolutely no knowledge of anything remotely like what you just described. A recent exchange between congressman ron paul and ben bernanke took place during bernanke s. House financial services committee meeting shortly after reports surfaced that the federal reserve was preparing for a third round of quantitative easing. Bernanke, who succeeded alan greenspan as chairman of the federal reserve, are essential reading for anyone who wants to know exactly what happened at the federal open market.
Discount prices on books by ben bernanke, including titles like principles of economics. Ron paul first asked bernanke if he did his own grocery shopping, to which the fed chairman responded with a yes. Ben bernanke, in full benjamin shalom bernanke, born december, 1953, augusta, georgia, u. Ron paul predicts no policy change under a new fed chairman. Ron paul decides to school him on austrian economics. An employee of a think tank owns a house in the capitol hill neighborhood of washington. Some part of federal reserve chairman ben bernanke must be a little disappointed that rep. Ron paul shows ben bernanke what real money looks like. Dec 19, 2007 ron paul s supporters see the might of his common sense slashing through the doubletalk of the financial solons. Bernanke is the greatest counterfeiter in the history of the world editors note we are reprinting this story from last year as today marks the one year anniversary of this particular bernanke abomination accomplishment.
Plunge protection, fiat money, and the fed by ron paul by ron paul digg this from the hearings on monetary policy and the state of the economy committee on financial services, the u. Mar 01, 2012 as usual, the exchange between bernanke and presidential candidate dr. Today chairman bernanke testified that our nations long term economic outlook has improved and that consumer inflation is a modest one percent. Paul immediately cut him off and said no one believes the 2% inflation rate. Ben bernanke, then chairman of the federal reserve system, gave a series of lectures to students at george washington university in 2012. It offers some hope that bernanke is cut out for his important role in tough economic times, despite some critics of early in his tenure. Federal reserve chairman ben bernanke has repeatedly expressed concerns about the idea. Ben bernanke has publicly broken ranks with the republican party. Economists of the austrian school of economics define inflation differently than much of the mainstream of the economics profession.
Oct 06, 2015 ben bernanke has publicly broken ranks with the republican party. During his tenure as chair, bernanke oversaw the federal reserves response to the late2000s financial crisis. Ron paul hits ben bernanke at hearing, says fed has. My profound thanks to all youtubers who found these and posted them. I have apologized to congressman paul for using my authority to block his landmark legislation, and offered to coauthor a book with him on why we need to audit the federal reserve. Bernanke denounces keynesian economics, to author book. May 30, 2019 ben shalom bernanke was chairman of the board of governors of the federal reserve system from february 1, 2006, to january 31, 2014. Sep 25, 2008 supposedly, fed chairman ben bernanke is an expert about the great depression. I have a question dealing with the working group on financial markets.
A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment. On thursday, house republican leaders announced that representative ron paul of texas, the outspoken republican libertarian who. He graduated summa cum laude in economics from harvard. With respect to secretive cartels, paul takes up the interesting question of whether j. I see a really, really smart economist responding to ron paul the same way you. If ben bernanke is the greatest counterfeiter in the world history, and instead of prison, he is rewarded with. Oct 03, 2014 an employee of a think tank owns a house in the capitol hill neighborhood of washington.
Then, in 2012, his final year in the house, congressman ron paul reintroduced the audit the fed bill h. Rick perry said earlier this week that fed chairman ben bernanke would be almost treasonous if he increases the money supply before the elections in november. Bernanke has 88 books on goodreads with 9273 ratings. Ron paul retiring this year, his epic battles with federal reserve chairmen are coming to an end. I would be actively cultivating leakers from inside all 12 regional federal. Ben shalom bernanke was chairman of the board of governors of the federal reserve system from february 1, 2006, to january 31, 2014. No reflects both his medical degree and his assertion that he will never vote for legislation unless the proposed measure is expressly authorized by the constitution. The federal reserve and the financial crisis ben s. Bernie sanders, alan greenspan and ron paul monetary policy 02272002 duration. During bernankes last year as fed chairman, hedge fund manager paul singer accused bernanke of creating class warfare and wrote that his moves in the fed threatened to ultimately destroy the value of money and. A recent exchange between congressman ron paul and ben bernanke took place during bernankes. I bought it a long time ago and havent read it again. The federal reserve and the financial crisis, by ben s. He presided over the 2007 home mortgage crisis which hit as soon as he took over.
So end the fed now, with congressman paul s bill h. Ron pauls final questions for fed chairman ben bernanke. Springfield, virginia today, campaign for liberty chairman ron paul issued the following statement in response to federal reserve chairman ben bernankes testimony before the joint economic committee. In our rapidly declining republics, even the elite still have to answer questions once in a while. A memoir of a crisis and its aftermath, and principles of microeconomics, and more on. The main theme of the book, however, is how ben bernankes chairmanship is likely to differ from, and possibly be an improvement over, the tenure of alan greenspan.
Prior to his career in public service, he was a professor of economics at princeton university. Oct 05, 2012 bernie sanders, alan greenspan and ron paul monetary policy 02272002 duration. The federal reserve and the financial crisis 20 collected a series of four lectures he had given in 2012 on the genesis and history of the fed and on its efforts to address the 2008 financial meltdown. Ron pau rtexas, a member of the house financial services committee, at a hearing with federal reserve chairman ben bernanke, feb. Aug 24, 2006 plunge protection, fiat money, and the fed by ron paul by ron paul digg this from the hearings on monetary policy and the state of the economy committee on financial services, the u. As usual, the exchange between bernanke and presidential candidate dr. The first question asked by paul was whether or not bernanke did his own grocery shopping. Business economists see him as the bestqualified successor to greenspan, while many traders and investors worry that hes too academic for the job. Gop presidential contender takes issue with ben bernanke s policies at the fed. Ron paul told bernanke that in 2006, as he took the top spot at the federal reserve, an ounce of silver bought about 4 gallons of gas. If i were, i would be working at least half of my time on compiling questions for dr. Ben bernanke, ron paul debate dollars definition real.
The typical mainstream intermediate macroeconomics textbook defines inflation as an increase in the overall level of prices. Ben bernanke s swearing in as federal reserve chairman in 2006 marked the end of alan greenspans long, legendary career. Bernanke will face even more scrutiny in the months to come. See more ideas about ron paul, politics and this or that questions. The former republican presidential candidate owns no bonds or fixed income exposure, and has just 0. He was named time magazines person of the year in 2009. Juggler of digits i have good news and bad news for ben bernanke. Bernanke is the greatest counterfeiter in the history of the world. The political positions of ron paul rtx, united states presidential candidate in 1988, 2008, and 2012, are generally described as libertarian, but have also been labeled conservative. Ron paul hits ben bernanke at hearing, says fed has destroyed value of real money abc news. Congressman and presidential candidate ron paul questions federal reserve chairman ben bernanke on is gold money. The evidence congressman ron paul mentioned is well documented in my recent book, deception and abuse at the fed university of texas press. Legislators such as former texas congressman ron paul sought the identity of the banks by calling for an audit of the fed. Supposedly, fed chairman ben bernanke is an expert about the great depression.
An engaging response to biggovernment solutions for the financial crisis, this knowledgeable and opinionated look at u. Ron paul gives bernanke a lesson on inflation, using a silver dollar. Ron paul tells bernanke he killed the dollar, silver. Ben bernanke, ron paul debate dollars definition real time. With the zionist takeover of the federal reserve from 19 to 1920 and its current preponderance of international jewish control, the stiff, dull, and wooden manner of the feds chairman speaks for itself. Apr 16, 2020 bernanke contributed to a number of volumes on economics and in 2000 issued a compendium of his writings on the great depression.
Bernanke was appointed chair of the federal reserve. Bernanke, who was until earlier this year the chairman of the federal. Gop presidential contender takes issue with ben bernankes policies at the fed. Feb 29, 2012 gop presidential contender takes issue with ben bernanke s policies at the fed. Bernanke served as chairman of the federal reserve from 2006 to 2014. Congress appointed bernanke for his knowledge of how monetary policy contributed to the great depression and his belief in inflation targeting. Ron paul questions ben bernanke during a congressional hearing. In a scathing opening statement, paul went on the offensive against the fed. Ben bernankes the courage to act the new york times. Gop presidential candidate ron paul took a break from campaigning today and diverted his attention back to his role on the house financial services committee with the semiannual visit of federal reserve chairman ben bernanke. Ben bernanke also known as helicopter ben, the beard, bubble ben and the ben bernank is a neoclassical economist and former chairman of the federal reserve, appointed by george bush in 2006 to replace the retiring alan greenspan.
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