Wednesday, March 2, 2011

Ron Paul to Bernanke: ‘Define the Dollar’.

“There’s a moral hazard involved here,” Mr. Paul said. “The Fed really facilitates this spending and until we realize this … I think the Fed is involved with our deficit and encourages it.”

Despite his various criticisms, however, Mr. Paul had one question for Mr. Bernanke: “What is your definition of the dollar?”

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of a social media management company.