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Why Shouldn't We Welcome Prices Going Down?

Asks Congressman Ron Paul (R-TX) of Fed Chairman Ben Bernanke.

Paul is an Austrian economics man and Bernanke is thought to be a Keynesian, said to be the predominant government line of thinking. However, Reason magazine argues Bernanke is heavily influenced by the Friedman school of economics, the other major economic philosophy today. The Austrian school comes in a relatively distant third, and government economists who adhere to it are few. In any case, Paul doesn't think much of Bernanke's economic philosophy and there's little doubt that the feeling is mutual. But here they stay polite.