the stossel bank in print, and people would choose. >> between. ugh a time like that in the united states. that is the way that it used to be. there was no fed. every bank printed its own money. as you might imagine, if you don't have an oversight authority and as a legal commitment to china focus on price stability the way the fed has in its dual mandate, i think you run the risk of big problems john: ron paul's is argued that the fed fears that worked. you get credit for the boom and then the bus tappan's and ease credit and get the recovery. >> it is some element of truth and i think a much of the view that if central banks do things wrong they can inflate bubbles. it is rather important to emphasize. there is absolutely no evidence that there are more bubbles are more intense bubbles under central banks then there are when there were not central banks. john: to you get worried about giving a dozen people so much power over some much money? >> sometimes i think that we all shared. we are americans, the most suspicious of authority people that th

the stossel bank can print a bill and let's choose. >> that's the way it used to be, there was no fedld print its own money. the thing is, as you might imagine, if you can print your own money, a lot of people would print money. if you don't have oversight authority that has a legal commitment to try to focus on price stability the way the fed has in its mandate, i think you run the risk of big problems. >> ron paul just argued that fed inflits bubbles and gets credit for the boom. then the bust happens. they ease money and get credit for the recovery. >> look, there is some element of truth, i think, to the view that if central banks do things wrong, they can inflate bubbles. i think it is rather important to emphasize. there is absolutely no efd that there are more doubles or more intense bubbles under central banks than there are when there weren't central banks. >> do you get nervous about giving a dozen people so much power or so much money. >> yeah. you know, sometimes i think we all should. look, we're americans. we're the most suspicious of authority people there are on earth.

the stossel bank in print, and people would choose. >> between. me like that in the united states. that is the way that it used to be. there was no fed. every bank printed its own money. as you might imagine, if you don't have an oversight authority and as a legal commitment to china focus on price stability the way the fed has in its dual mandate, i think you run the risk of big problems john: ron paul's is argued that the fed fears that worked. you get credit for the boom and then the bus tappan's and ease credit and get the recovery. >> it is some element of truth and i think a much of the view that if central banks do things wrong they can inflate bubbles. it is rather important to emphasize. there is absolutely no evidence that there are more bubbles are more intense bubbles under central banks then there are when there were not central banks. john: to you get worried about giving a dozen people so much power over some much money? >> sometimes i think that we all shared. we are americans, the most suspicious of authority people that there are

stossel bill can print and the people who choose. >> we went through a period like that in the united states. there was no fed. every bankht image if you can print your own money a lot of people go out and print money. if you don't have an over site authority that has a legal commitment to try to focus on price ability the way the head has i think you run the risk of big problems. >> ron paul argued the fed inflates bubbles and gets credit for the boom then the bust happens and they ease money and get credit for the recovery. >> there is some element of truth i think to the trview tha if they do something wrong they could inflate bubbles. there is no evidence that there are more bubbles or more intense bubbles under central banks than there are when this were central banks. >> do you get nervous about giving a dozen people so much power over so much money? >> yeah sometimes i think we all should. we are americans we are the most auspicious authority people on earth. that said i get over that suspicion when i start looking at littcountries where they don make the fed independent. you see much higher inflation rates. >> it

banks. what time? john: 9:00 eastern time on which network? john: the fox business network. stuart: what is the name of this? john: fed up. the name of the show is stossel it what was that? stuart: thanks a lot. sportscaster bob costas is a live nbc nfl broadcasts against the redskins name. the network should have disclosed one thing. find out what that would be after this. what's better than zero heartburn? ♪ nothing, that's what? that's why i take prilosec otc each morning for my frequent heartburn. 'cause it gives me a big fat zero heartburn. woo hoo! [ male announcer ] prilosec otc. the number one doctor recommended frequent heartburn medicine for 8 straight years. [ larry ] you can't beat zero heartburn. and best of all, it means i can enjoy all the foods i love. oh, zero heartburn is awesome. just like zero clery. ♪ [ male announcer ] prilosec otc. one pill each morning. 24 hours. zero heartburn. [ male announcer ] prilosec otc. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world adv