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dvrjosh (November 30, 1999 at 12:00 am)
The point is price fixing prolonged the great depression but the Fed's lack of action caused it to be as severe as it was in the first place. As Bernake said, the assets were being bought using market forces and they had no intention of setting prices.
That's what Paul's whole point was right, setting prices? An idealogical speach that was hardly applicable. Ron Paul's a bright guy but he hardly schooled Bernake who is a premier world economist.
meshella34 (November 30, 1999 at 12:00 am)
"when CEOs asked by congress if they were willing to give up the perks for part of the condition of the bailout, no one answered.. THEY WANT A BAILOUT BUT NOT GIVE UP THE BONUSES AND PERKS!! (like the private jets)"
darkocmarko (November 30, 1999 at 12:00 am)
people of the USA cherish this man he is one of your greatest treasures.pozdrav od Makedonija
Benonsnare (November 30, 1999 at 12:00 am)
But by printing all these money, you are not only causing runaway inflation, but also artificially keeping artificially inflated prices afloat. This will only prolong the crisis we are facing.
RonPaulHatesBlacks (November 30, 1999 at 12:00 am)
Jesus, do you ever read what I actually write? I have no idea "exactly what the federal reserve is going to do in the future." I said we'll need to contract the money supply in the future, which I figured you'd SUPPORT. You've stopped arguing about Iraq, oversight, and even monetary policy. You're really just arguing for elimination of the Fed, which is a non-starter. Pre-Fed, banks fought to set low rates and caused national depressions every few years. The Fed didn't cause this latest crisis.
gladiator1010 (November 30, 1999 at 12:00 am)
How is printing money gonna solve ANYTHING?
gladiator1010 (November 30, 1999 at 12:00 am)
Oh..wow..I am soo glad you have enlightened me on the subject..rather peculiar that you would know exactly what the federal reserve is going to do in the future especially since they have said nothing of the sort. What is insane is allowing some person to think they know how much the other 350 million people need for a money supply. The freemarket should determine rates..how is that NOT insane..like just cause they went to harvard makes them capable of knowing what EVERYONE IS THINKING!
RonPaulHatesBlacks (November 30, 1999 at 12:00 am)
Ahahaha!!! NOW that's your point? Post after post about oversight and Iraq(!), and now your point is monetary policy? I hope you'll at least back off the dead horses now.
The answer is that, yes, the government will have to print more money and, yes, that's less than ideal. It won't cause World War III or set a precendent for printing money "for everyone so we don't have to work anymore." That's insane. Once we get out of this crisis, we'll have to constrict the monetary supply. That's all.
gladiator1010 (November 30, 1999 at 12:00 am)
You are absolutely missing the point..where is this money coming from? The federal reserve is just going to print this money...if this will solve our problems then why don't we just print enough money for everyone so we don't have to work anymore or pay our bills? Y ou are the one who needs to examine the underlying assumption you are making about monetary policy...we are falling into WW3..you think you are going to hold ANYONE accountable..that is the DEFINITION of naive
TimLoganKnows911623 (November 30, 1999 at 12:00 am)
simple, sumitino
Just become a giant corporation.
Then, the government cares about you.
Good Luck, signing up!
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