{"id":342837,"date":"2010-02-20T08:04:17","date_gmt":"2010-02-20T13:04:17","guid":{"rendered":"http:\/\/www.ronpaul.com\/?p=4826"},"modified":"2010-02-20T08:04:17","modified_gmt":"2010-02-20T13:04:17","slug":"allow-the-free-market-to-set-interest-rates-%e2%80%93-not-the-fed-not-congress","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/342837","title":{"rendered":"Allow The Free Market To Set Interest Rates \u2013 Not The Fed, Not Congress"},"content":{"rendered":"<p>In his latest appearance on CNBC, <a\nhref=\"http:\/\/www.ronpaul.com\" >Ron Paul<\/a> explains to &#8220;In Fed We Trust&#8221; author and Bernanke apologist David Wessel why we should <strong>end the Federal Reserve&#8217;s power to set interest rates and engage in central economic planning<\/strong>. Wessel concedes that the Fed has been too secretive for its own good and has become the victim of public anger against bank bailouts. He goes on to perpetuate the myth that we live in a &#8220;capitalist democracy&#8221; and that such an organization needs an &#8220;independent&#8221; central bank. <a\nhref=\"http:\/\/www.ronpaul.com\" >Ron Paul<\/a> counters that the system is already thoroughly politicized and that we don&#8217;t have true capitalism, but crony capitalism and economic interventionism.<\/p>\n<p\nalign=\"center\"><object \nwidth=\"525\" height=\"384\"><param \nname=\"movie\" value=\"http:\/\/www.youtube.com\/v\/uH1xTN2B1qs&#038;hl=en_US&#038;fs=1&#038;rel=0&#038;showinfo=0\"><\/param><param \nname=\"allowFullScreen\" value=\"true\"><\/param><param \nname=\"allowscriptaccess\" value=\"always\"><\/param><embed \nsrc=\"http:\/\/www.youtube.com\/v\/uH1xTN2B1qs&#038;hl=en_US&#038;fs=1&#038;rel=0&#038;showinfo=0\" type=\"application\/x-shockwave-flash\" allowscriptaccess=\"always\" allowfullscreen=\"true\" width=\"525\" height=\"384\"><\/embed><\/object><\/p>\n<p><small><strong>Date:<\/strong> 02\/19\/2010<br\n\/> <strong>Channel:<\/strong> CNBC<\/small><\/p>\n<p><em>Transcript coming soon<\/em><\/p>\n<p> <a\nclass=\"a2a_dd addtoany_share_save\" href=\"http:\/\/www.addtoany.com\/share_save?linkurl=http%3A%2F%2Fwww.ronpaul.com%2F2010-02-20%2Fallow-the-market-to-set-interest-rates-not-the-fed-not-congress%2F&amp;linkname=Allow%20The%20Free%20Market%20To%20Set%20Interest%20Rates%20%26%238211%3B%20Not%20The%20Fed%2C%20Not%20Congress\"><img\nsrc=\"http:\/\/www.ronpaul.com\/wp-content\/plugins\/add-to-any\/share_save_256_24.png\" width=\"256\" height=\"24\" alt=\"Share\/Bookmark\"\/><\/a><\/p>\n<p>Related posts:<\/p>\n<ol>\n<li><a\nhref='http:\/\/www.ronpaul.com\/2009-06-12\/fed-would-be-shut-down-if-it-were-audited-expert-says\/' rel='bookmark' title='Permanent Link: Fed Would Be Shut Down If It Were Audited, Expert Says'>Fed Would Be Shut Down If It Were Audited, Expert Says<\/a> <small>The Federal Reserve&#8217;s balance sheet is so out of whack&#8230;<\/small><\/li>\n<li><a\nhref='http:\/\/www.ronpaul.com\/2009-09-16\/ron-paul-qa-audit-the-fed-then-end-it\/' rel='bookmark' title='Permanent Link: Ron Paul Q&#038;A: Audit the Fed, Then End It'>Ron Paul Q&#038;A: Audit the Fed, Then End It<\/a> <small>For three decades, Rep. Ron Paul has waged a lonely&#8230;<\/small><\/li>\n<li><a\nhref='http:\/\/www.ronpaul.com\/2009-11-24\/ron-paul-313-members-of-congress-have-co-signed-hr-1207\/' rel='bookmark' title='Permanent Link: Ron Paul: 313 Members of Congress Have Co-Signed HR 1207'>Ron Paul: 313 Members of Congress Have Co-Signed HR 1207<\/a> <small> Date: 11\/23\/2009 Channel: CNBC Show: Squawk Box Transcript Judd&#8230;<\/small><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>In his latest appearance on CNBC, Ron Paul explains to &#8220;In Fed We Trust&#8221; author and Bernanke apologist David Wessel why we should end the Federal Reserve&#8217;s power to set interest rates and engage in central economic planning. Wessel concedes that the Fed has been too secretive for its own good and has become the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-342837","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/342837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=342837"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/342837\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=342837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=342837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=342837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}