Economists wrestling.
Ron Paul:
- Unemployed 40 weeks. New CPI - under old method 9%/yr last 3 yrs.
- For Spending $5.1Tr hasn't done much as it bailed out big banks.
- $17,000 gift to everyone may have been better for consumer?
- Fed never spent anything - in fact they are "profit center"??
- Avoid Financial Panic.
- But you created money out of thin air.
- Priceless at 5:00 "Is gold money?"
[* Questment is the often used method of political inquiry. It is a long Statement preceding a "gotcha" type question. (Or at least an attempt at a "gotcha" type question. Often it is part of a "cross-examination" setup where a "sound-bite" trap is being laid. This is the reason for having carefully constructed stock reply's so that free-lance errors are not made.)]
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