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  • Ron Paul: Bernanke's defense of Fed a 'hoax'

    12/02/2009 2:45:15 AM PST · by rabscuttle385 · 17 replies · 325+ views
    The Hill, Washington, DC ^ | 2009-12-01 | Michael O'Brien
    Fed Chairman Ben Bernanke's warning that further regulation would "impair" the economy is a "hoax," according to Rep. Ron Paul (R-Texas). Responding to Bernanke's op-ed in The Washington Post this past weekend, in which the Federal Reserve chairman said that Paul's bill to audit the Fed would harm the U.S. economy, the Texas congressman accused Bernanke of dodging responsibility for his role in causing the recession. "He claims that they're rescuing, and making things better. But he takes no responsibility for causing all the problems," Paul said during an appearance on the Fox Business Network. "So I think it's a...