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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