This was excellent! Ron Paul really has the ability to present his case and, in effect, make Bernanke look incompetent. Paul's point that pensioners were being robbed by inflation was right on the mark. A little later Rick Santelli also criticized Bernanke because Bernanke was ignoring the fact that much of what is purchased by US residents is imported.
The more humorous side of this serious grilling by old Ron Paul is the fact that Ron Paul is a trained OB/GYN, and Bernanke is suppose to be a PhD holder in Economics. It's sad when a medical doctor knows more about real world consequences of economic policies than a economist. Then again, Bernanke and company are the neo-Keynesians, so it's little wonder why the monetary policy is total tripe.
Isn't this case with many professionals versus those who are self-taught? Mentorship aside, we call all learn 95% of how to do a certain job/profession on our own. Heck, I can cook better pancakes than any chef!
Ron Paul taught himself Economics and he applies it to the real world. Bernake rests on a Ph.D.
