Ron Paul vs. The Fed
Recorded February 2007
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Another reason the US media
hates Ron Paul
The Federal Reserve Bank.
Ron Paul made his opinion pretty clear about it in this hearing.
In the midst of the feverish illusion of prosperity (pre- "sub-prime" collapse), he expressed his doubts about the system's effectiveness and fairness.
He also pointed out the reality that the operation of the Fed is becoming less and less transparent.
Who gets hurt when the Fed's printing presses run day and night and the purchasing power of the dollar is devalued?
Wage earners. People who depend on savings. The poor.
Who cares?
Clearly not Congress, the White House and or the US news media.
Public critiques of the Fed by politicians are as rare as hen's teeth. Ron Paul's outspokenness on this subject is another reason, the US news media hate to give him credence.
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