Ron Paul:
- M3 Money Supply Up by 42% Over Past Two Years (measured by private sources)
- Inflation is soaring
- Fed purposefully debasing the dollar
- History is on the side of hard money
- Fiat money always end
- Gold is the only thing that can bring stable prices
- In the last few years, the price of oil has tripled in dollars, but is flat in terms of gold
- The middle class is being wiped out, due to price inflation and deliberate depreciation of the currency
Bernanke:
- Blah, blah, blah, Federal Reserve Act and price stability
- I understand you would like to see a gold standard, but that is really something for Congress
- All this inflation stuff is the fault of the price of oil rising. Blame OPEC.
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