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Ron Paul answers a question in a straightforward fashion regarding Greenspan's responsibility for the oncoming recession and housing instability.

Points out how a misdirection of credit causes inflation in areas like housing prices, even while computers and cellphones get cheaper. 

He pins Greenspan for low rates that pumped up the bubble.  Not only was there a bubble, but people looked to asset inflation rather than savings to provide for the future.

So true. 

An excerpt from the Eggs and Politics Breakfast in NH on 12/19/07.

Thanks tnpaulunteers.