You’re going to have to explain exactly what Bernanke was “schooled” upon. Paul just sounded like he was arguing for higher interest rates, and Bernanke was “like, yeah whatever.”
The low interest rates produced by inflation (which you advocate?) are temporary and ultimately lead to higher interest rates. Some of us who lived through the 1970s remember this.
The higher interest rate argument is very interesting considering that interest rates are basically a tax set by the fed on a loan (to the bank, passed along to the consumer.)
Well then it was like school...
Kids say that to the nutty teachers...