Saturday, April 30, 2011

Ron Paul on Bernanke Speech

link here to article

Ron Paul is the head of the House Monetary Committee. He is a gold bug and a Fed critic. He believes that the Fed is fueling inflation by pumping up the money supply. This article provides some data that show the link between money supply and inflation to be spurious under some conditions. His presence on the House committee will be a thorn in the side of the Fed and will have the effect of limiting Fed efforts to simulate the economy.

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