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Originally posted by deessell
Ron Paul always nails the point. What makes me angry is that people think I'm a 'nutjob' because I like Ron Paul!
Originally posted by DimensionalDetective
All I can say is I am praying he gets his audit the fed act put through, and then ABOLISHES this cyst on the behind of america. These central banking criminals are GUTTING this country and planet, and perpetuating DEBT-SLAVERY upon the populace. And this has been going on for FAR too long now. It is time for the masses to awaken fully and put a stop to it. And folks like Dr. Paul are leading the charge and waking up the masses, ever so slowly.
[edit on 22-12-2009 by DimensionalDetective]
In 2002, when the word "deflation" began appearing in the business news, Bernanke gave a speech about deflation. In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. (He referred to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation.) Bernanke's critics have since referred to him as "Helicopter Ben" or to his "helicopter printing press."
U.S. government is not going to print money and distribute it willy-nilly (although as we will see later, there are practical policies that approximate this behavior)