This guy is a hoot. Government must step in to help with the economic problem? They created it. They need to protect the innocent actors? When you debase the currency there is no way to protect them beside stopping the intervention.
His voice and attitude are so grating. Have you heard him in the House committee chambers?
The student could have better educated on the topic or at least more forceful. When dealing with a politician you must stand your ground and when it’s one who is so disconnected from reality it’s even a greater necessity.
Ben Bernanke just claimed the US Department of Treasury is understaffed and that is part of the reason things are slow moving with regard to getting information out and what not.
According to Wikipedia they have 115,897 employees as of 2007. I’m sure it is greater now.
I couldn’t find numbers on the total number of Federal Reserve System employees but whatever it is that + 115,897 people are obviously not enough to predict and manipulate the economy. Perhaps we should employ all 305+ million people in the US and those around the world who deal in dollars. That’ll make it work.