Tuesday, March 16, 2010

Congressman Paul on Fox Business 16 Mar 2010

Congressman reacts on the decision of the FED to leave interests rates unchanged

Ron Paul : I do not think the FED has an exit strategy ..." Inflation is the increase of supply of money and credit (not just prices) and then subsequently leads to higher prices in some areas like in education and in medical care , so you do not have to have a CPI or wages going up to heaven to have inflation ...I think it is a miss definition to say inflation is only rising prices " Congressman Ron Paul explains

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