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Ron Paul’s opening statement at the House Financial Services Committee

Fri, 02/27/2009 - 12:45am | posted by Shana Kluck

“This is the end of an era. We can’t reinflate the bubble….if we think that we can reinflate this bubble by artificially creating credit out of thin air and calling it capital, believe me we don’t have a prayer of solving these problems - we have a total misunderstanding of what credit is versus capital.”

  • 291 reads
  • Tagged: Ben Bernanke Financial Crisis House Financial Services Committee Housing Bubble Ron Paul

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