Paul vs. Bernanke on Money - The American Spectator | USA News and Politics
Paul vs. Bernanke on Money

We’re going to miss these moments when Ron Paul leaves Congress. Here he is asking Fed chairman Ben Bernanke whether gold is money: 


In a way, they are both right. Gold definitely meets the criteria of money in a very broad sense. Nevertheless, gold appears nowhere in the Federal Reserve’s official measures of money, and for good reason. It simply isn’t used as a medium of exchange in the U.S. 

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