Ben Bernanke "Can Create a Trillion Dollars in Secret"

The Senate Banking Committee backing of Fed chairman Ben Bernanke’s nomination, combined with his designation as Time’s person of the year, seems to necessitate the healing perspective of the good Doctor Ron Paul this week.

As colleague Joel Bowman astutely noted in The Daily Reckoning, in hindsight Bernanke, with with his new designation, is more apt to be seen as joining the ranks of misguided notables like Stalin and Hitler than the other more celebrated persons of the year.

Witness the video below to hear Dr. Paul describe how Bernanke “can create a trillion dollars in secret without any monitoring by the Congress,” and how “this whole mess that we’re in, which has a long way to go, has been caused by the Federal Reserve.”

The Daily Reckoning