Ron Paul Rips Bernanke with Another Tirade

I happen to agree with some of Ron Paul's points (some, not all) but he sounds downright crazy in this interview.  He asks one question, gets an answer, and then changes the question.  Listen to the exchange at the end over the exchange rate and how it hurts Americans.  Seems like Congressman Paul is just posturing to me.

After all, the rich who tend to travel abroad and have assets abroad are much more hurt by the falling dollar than the average American.

I think he needs to get his facts straight.

So what do I agree with him on?  I agree that the way the country measures inflation is incorrect.  While the CPI says there is low inflation it's clear to the average American that most goods and items cost more.

Enjoy.

Sam Cass
Sam Cass: Sam Cass, MBA, JD, University of Texas at Austin. Always a fan of Leonardo Da Vinci.

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Comments

  • Material Girl

    November 17, 2007

    Ron Paul scares me. I can't tell if he really knows that he is talking about or is making most of it up.

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