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Saturday, March 20, 2010

The Bizarre Art of Central Banking

Ron Paul teaches Ben Bernanke a lesson on Austrian free-market economics, but the Chairman is not listening. Instead, he tries to defend his actions by asserting that "Central banking is an ART" that requires guesswork....and "what caused the crisis was the weakness of the regulatory system and NOT monetary policy"...REALLY Ben?? It was the Fed that was behind the repeal of Glass Steagle, which dismantled the regulatory policy that would have prevented such a crisis. Geee...eeeezzzzz...does Bernanke and company actually think we believe their horse shit???

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