Ron Paul discussed issues about HR 1207 today with Gilbert Schwartz, a Former Associate General Counsel for the Federal Reserve, and Bert Ely, President of Ely & Company. It was moderated by Mark Calabria, Director of Financial Regulation Studies at the Cato Institute.
Interesting to note from the discussion was Gilbert Schwartz’s comments on Fed monetary policy. One individual asked him, “So how exactly does the Fed work with money?” We’ll be editing the video for you as soon as possible, so you can hear the surprising comment Schwartz made.

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