Thursday, December 3, 2009
Kentucky Senator Jim Bunning Grills Bernanke
This is why Rand Paul needs to Replace Bunning, instead of Trey. Rand Paul agrees that the Federal Reserve is the most corrupt, wealth destroying entity in the Federal Government right now. While Trey is getting funded by bankers who received bailouts and Senators who voted for them, Rand Paul is openly attacking the Federal Reserve and the Central Bank.
For more on this issue check out Thomas Woods Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse. This is the simplest easiest to read book about why we're currently in the financial mess that we're in. The federal reserve destroys the value of our money to pay for all the excesses of the government, and this causes inflation.
This is why Rand Paul is so concerned about the debt, and why he believes we're going to be paying for it through hi inflation. Not next generation, but in the next couple years if we don't get back on course fast.
Of course don't forget his fathers book, End the Fed on the same subject.