Ron Paul on Fox Business News

deeper and deeper, so now the central banks can lend as much paper money as they want with any gold backing it. The central banks actually can create infinite amounts of paper money from nothing. The more money they ever create higher inflation. Inflation is actually deflation of the money currently in circulation. In times of war (war on terror, the central banks (Federal Reserve)) produces large amounts of money out of nothing to pay for the war and they give the (U.S.) government. ...