Jan 22, 2009

Ron Paul on attempts to create wealth by manipulating interest rates

This whole idea that you can do central economic planning by manipulating interest rates is a fallacy. We have depended on this for too long. We believe the Federal Reserve, by creating credit and giving us artificially low interest rates, is the road to great wealth. But it isn't. It's the road to a disaster.

~ Congressman Ron Paul, "Ron Paul on the Geithner Crime," LewRockwell.com Blog, January 21, 2009 (interview on Bloomberg TV)

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