Latest Ron Paul Videos of 2012 Presidential Election Campaign

Ron Paul’s Texas Straight Talk: The Fed Twists, The Market Shouts

Ron Paul’s Texas Straight Talk 10/3/11: The Fed Twists, The Market Shouts.

Last week the Federal Reserve began the second incarnation of “Operation Twist”, an attempt to drive down interest rates by purchasing long-term Treasury debt and selling short-term debt. This is just the latest instance of the central bank desperately flailing around doing something merely for the sake of doing something. Fed officials still do not understand– or admit– that the Fed itself caused the financial crisis by driving interest rates too low and relentlessly expanding the money supply. Thus, this latest action will just exacerbate the problem.

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