Ben Bernanke: Gold Is Not Money

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Ben Bernanke: Gold Is Not Money

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In a July 13, 2011 exchange between Rep. Ron Paul and Fed Chairman Ben Bernake, Dr. Paul asks whether or not Bernanke believes gold is money. After a short pause, Bernanke answers "no," claiming that central banks only hold gold because of tradition.

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Created by losingfeeling 1 year 43 weeks ago – Made popular 1 year 43 weeks ago
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