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Milton Friedman says that the purpose of the federal reserve is to provide cash when there is a run on the banks. This is part of a 10 hour series which can be viewed at: http://www.ideachann el.tv/
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Congressman Ron Paul comments on the Federal Reserve's decision to maintain interest rates and raises concerns about inflation on June 25, 2008.
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Greenspan says the Fed is above the law.
He says it at 7:40
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This is the 2nd Speech Dr. Paul gave from the floor of the House of Representatives on December 10th, 2008. He advises his fellow Representatives that unless they get serious and examine the unchecked power of the FEDERAL RESERVE and overall monetary policy, our Republic is facing serious consequences.
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