Ron Paul Addresses Banking Hearing on Moral Hazard
Everything happening in financial markets is solely directed toward a Wall Street bail out.
The current problems are not going to be solved by inflation going up. As the dollar goes down the cost of everyday items is going up, this is an onerous tax on those least able to pay it. What is the moral consequence of a system set up to bail out fat cats who mal-invested and lost billions, when the creation of more and more money is going to devastate the bulk of the population financially?
Look at Ben's eyes as he answers Ron's questions, the very real fear there is the fear of a man who has just been asked a question about WHAT IS ACTUALLY HAPPENING! Not some spin. Not some Wall Street hyperbole.
I don't agree with Ron Paul about socialized medicine, but his take on the high cost of another Wall Street bail out is spot on.
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