Ron Paul Responds to the Federal Reserve - Campaign for Liberty

Ron Paul Responds to the Federal Reserve - Campaign for Liberty: "While the Fed has for several years criticized Congress’ inability to get its fiscal house in order – ignoring its own responsibility in enabling the government’s massive deficits and debt – the Fed is now alarmed about the across-the-board sequestration “cuts.” But the cuts that so worry Bernanke are not even real cuts, as, under sequestration, the Federal budget will still increase by trillions of dollars over the next ten years."

"One month of Fed money-printing undoes more than a year’s worth of sequestration, yet Chairman Bernanke expects us to believe that “monetary policy cannot offset a fiscal restraint of that magnitude.”"