Great questioning from Ron Paul. Barney Frank interrupted Paul in the beginning there and then failed to realize what Paul was talking about in the end–foolish.

Bernanke said at one point that the Fed cannot create capital and that lending should come from private hands and thats why we need the stimulus. The problem with that view is that the stimulus is just creating money and giving it to “private” banks. No capital was created.

I really wanted to hear what Bernanke would have said about Paul’s last question regarding World War II.

By Tommy Leung

Tags: ben bernanke, federal reserve, paul v bernanke, ron paul

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