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Ron Paul on Inflation and Economic Recovery

Neil Cavuto: Is the economy, are the markets, are these companies telling us something, your concern non-withstanding, that things are looking up?

Ron Paul: Well I guess temporarily they could. They are looking up at Goldman Sachs, that’s for sure.

* Ron Paul drilled Bernanke today, questioning his definition of inflation
* Bernanke says Ron Paul’s inflation concerns are misplaced
* Paul counters that Bernanke was not concerned about housing crisis until it hit, so why trust him now?
* The printing of money, rescues and bailouts will eventually become inflationary. Austrian economics teaches you that you can predict trends, but not timing.
* Bernanke will not be able to hold back inflation once it starts
* Whether or not Bernanke is re-appointed is inconsequential. Nobody in world is smart enough to do job of central financial planning because the system is too deeply flawed.
* Things are not really looking up. True unemployment is around 20% and increasing.
* Stagflation is where we are headed
* A little blip in the economy and a few favorable stats after doubling the money supply and bailing out everyone in sight does not for a recovery make.



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3 comments to Ron Paul on Inflation and Economic Recovery

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  • maryanne

    I say “GO” Ron Paul. It is about time someone put these elites up for drilling and grilling. I do NOT and will never trust Ben Bernake again. He helped to sink this country and I believe it is all part of a much bigger plan.

    I do believe alot of American people are now waking up, and there will be a revolution in this country.

  • James

    The REAL problem is the FEDERAL RESERVE BANKS… which should NEVER have been allowed to exist…. History has shown they are corrupt, they manipulate and they work counter to the good of the people. Study the history of the FED and you will be shocked at what you find out… John Kennedy found out they mean business after he issued his executive order 11110.

    The people need to stand up. They also need to realize they are under attack from Islam as well.