Wednesday, October 16, 2013

Ron Paul: Yellen will never understand that the Fed is responsible for our monetary crises

It has been a little over a week since the Obama administration leaked the news that the President intends to nominate Janet Yellen to replace Ben Bernanke as the head of the world’s largest central bank, and just yesterday, former Congressman Ron Paul weighed in on the announcement.  As the chief firebrand against the Fed during his tenure in office, Paul’s assessment that Yellen is a virtual clone of the previous two central bankers is quite appropriate, and he states on Yellen’s nomination, ‘the possibility that the Fed itself could be responsible for the booms and busts of the business cycle would never enter her head’.



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