Dr. Paul - CNN American Morning; Economic Policy

In response to a question about a popular Keynesian economist of today, Dr Paul stated:

"I doubt if he ever read Austrian Economics. I don't even know if he knows who Mises is, and Hayek, and Rothbard; the people who talked about free market.... We haven't had free market policies in this country for a long long time. ....they [the Federal Reserve] are the central economic planers. They manipulate the economy by artificially lowering interest rates. So the economists you hear from in our universities and from Washington D.C. are all interventionists.... they're Keynesians, so if they're still winning the Nobel Prize for economics, then were in serious trouble."

Paul goes on to say that fortunately a lot of people are waking up to the fact that the culprit is the Federal Reserve and the Fiat monetary system.