Thursday, July 14, 2011

Video: Ron Paul versus Ben Bernanke: Is Gold Money?

Ron Paul slugs it out with Ben Bernanke (hat tip: Bob Wenzel)

The best part of the exchange:

Ron Paul: Do you believe that gold is money?

Bernanke: No.

Ron Paul: Why do central banks hold gold?

Bernanke: It is an asset, like Treasuries. They're not money.

Ron Paul: Why hold gold, and not diamonds?

Bernanke: Oh, tradition, I suppose.


Photo of Pacquiao-Cotto fight from Regiekun Blog

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