Rep. Ron Paul (R-Texas) questions Treasury Secretary Timothy Geithner at a House Financial Services Committee meeting on financial regulations today (Thursday, October 29, 2009).
Ron Paul: “…a monetary policy way too loose, lasted too long, how can the solution be speeding it up? How can you say, well, this is the real problem so we’ll double the money supply? Interest rates were too low at 1 percent, let’s make them 1/4 percent…How can you reconcile this on just common sense?”
I don’t think Treasury Secretary Timothy Geithner has any common sense!
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