Ron Paul

Ron Paul: Fed-Led Quantitative Easing Sparked Cryptocurrency Surge

Former Congressman Ron Paul said today that he believes the U.S. government’s monetary policies have fueled the rise in the price of cryptocurrencies like Bitcoin. “I think cryptocurrency is a reflection of the disaster of the monetary dollar system,” he told CNBC in an interview today. Specifically, Paul cited an excessive amount of credit created through the process of quantitative easing – by which central banks buy government debt and other financial assets in an effort to expand lending [...]