News and Politics | July 17, 2008 | 9 comments

Ron Paul tells Bernanke he is the "biggest taxer in the country" at Monetary Policy Hearing

source: http://www.youtube.com/watch?v=06awZjZTVlQ

Hawkmang
Segments of Congressman Paul (R-TX) addressing Fed Chairman Ben Bernanke at the Humphrey Hawkins Hearing on Monetary Policy on July 16th. Paul speaks about the problems with the Federal Reserve system and the current economic crisis. When making his point about the damaging consequences of inflation (3:29) Paul stated: "... Inflation is a tax. And if the Federal Reserve and you as chairman have this authority to increase the money supply arbitrarily you're probably the biggest taxer in the country. You're a bigger taxer than the congress..."

Congressman Ron Paul's Statement before the Financial Services Committee
http://www.house.gov/apps/list/hearing/financialsvcs_dem/ospaul071608.pdf

Archived webcast of Humphrey Hawkins Hearing on Monetary Policy
http://financialserv.edgeboss.net/wmedia/financialserv/hearing071608.wvx

House Financial Services Committee
http://www.house.gov/apps/list/hearing/financialsvcs_dem/hr071608.shtml

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Video by YouTube user PopularHypocrisy
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9 comments // Ron Paul tells Bernanke he is the "biggest taxer in the country" at Monetary Policy Hearing // Video

  • Hawkmang
  • Ricky84
    • 0
      Ricky84  

    • What amazes me about this video is Mr. Bernanke’s response. I can’t believe the Fed can get away with this sort of thing by just saying, “We’ll we are doing something about it.”

    • 3 years ago
  • shadowtrekker
  • schmedly
    • 0
      schmedly  

    • What? This makes entirely too much sence to come from a politician. I can see why the GOP styfled him, he"s honest and can articulate.

    • 3 years ago
  • natenate
    • 0
      natenate  

    • It may seem extreme thinking, but I believe it when Mr. Paul says the Federal Reserve needs to go. I've stated this before: The Fed is neither federal or a reserve, it's an incredibly elaborate ruse designed to hijack our money. Sound fiscal policy should be a top priority for Americans, along with ending this debauchery in Iraq.

    • 3 years ago
  • Gephoria
    • 0
      Gephoria  

    • the fed cheif at the end had a blank speechless look on his face, is Mr.Paul 100% correct in his assumptions, Will there be another r3volUtion? Is the Fed controlled by special interests is my big question that will go unanswered today.

    • 3 years ago
  • ron_pual_2008
    • 0
      ron_pual_2008  

    • this is so true. you couldn't buy a bucket of ice cream today for what you could buy a house for 30 years ago. Why? The invisible tax of inflation. Ronn Paul is here to tell us and the fed cheif the truth.

    • 3 years ago
  • bobdobalina
  • TexasPatriot67
    • 0
      TexasPatriot67  

    • This just shows how the economy and the government is broken and there needs to be new ideas from someone.Even IF we go from one idea or political philosophy to another the vision of the American spirit will overcome

    • 3 years ago
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