Ron Paul's Texas Straight Talk 1/31/11: The Fed and Job Creation

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How is Ron Paul's Texas Straight Talk 1/31/11: The Fed and Job Creation

Ron Paul's Texas Straight Talk 1/31/11: The Fed and Job Creation Video Clips. Duration : 4.25 Mins.

We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Recovery Resources . paul.house.gov http Unemployment continues to plague our economy. In spite of constant claims that we have just turned the corner into recovery, the jobs reports remain grim with no real signs of improvement. While Keynesian economists and big government apologists scratch their heads about persistent unemployment in spite of unprecedented government "investment" in the economy, free market economists understand the problem perfectly well. In short, they understand that we are looking to the Federal Reserve to solve an unemployment crisis that the Fed itself largely created. For example, the Fed is supposed to maintain full employment as half of its "dual mandate". But the Fed simply has the wrong tools to do this. In fact, its credit expansion and manipulation of interest rates cause harm when they are applied to "help" the economy. As we saw with the housing boom and bust, Fed-created inflation cannot be sustained without harmful consequences. The Fed's artificial boom led to the unemployment we're suffering today. The Fed is not a small business or a manufacturer that creates value or increases productivity to sustain real job growth. It literally destroys value by printing more money, and distributing it through sweetheart deals to well connected banks and corporations (including foreign banks!). The only success the Fed has had in maintaining full employment has been on Wall Street where it props up crony banks and investment houses to prevent them from going ...

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