Ron Paul: Confidence in the dollar is already eroded

Video first released on 11/26/13

“Eventually it [quantitative easing] will destroy confidence in the dollar, but I would say it has already eroded confidence in the dollar, because without the Fed buying mortgage debt and treasury bills, where would interest rates be? Where would the economy be?”

Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed . An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career and beyond. He is chairman of the FREE Foundation, founder of the Campaign for Liberty, and distinguished counselor to the Ludwig von Mises Institute. Dr. Paul recently started the Ron Paul Channel, an online broadcast alternative to the mainstream media. Ron’s most recent novel is The School Revolution: A New Answer for Our Broken Education System .