WHEN: TONIGHT, TUESDAY, AUGUST 16TH AT 7PM ET
WHERE: CNBC'S "THE KUDLOW REPORT"
Following are excerpts from the unofficial transcripts of CNBC interviews with Representative Ron Paul and former White House Chief of Staff Andy Card tonight at 7PM ET on CNBC's "The Kudlow Report."
Rep. Ron Paul:
RON PAUL ON THE FED
“I wouldn’t call it treasonous, but I would call what our Federal Reserve does morally equivalent to counterfeiting, because they create money out of thin air and create all our problems.”
Andy Card, Fmr. White House Chief of Staff:
CARD ON GOV. PERRY’S COMMENTS
“I think he’s going to learn that that wasn’t a very presidential statement, but he’s a darn good candidate, and he’s speaking kind of views that a lot of Americans agree with, but I think Ben Bernanke is a real patriot, I don’t agree with everything he’s doing, but I don’t think he’s doing anything that would cause him to be treasonous.”
CARD ON BERNANKE
“It’s not just Governor Perry that’s talking about a strong dollar, a lot of other candidates have as well. I think America should have a strong dollar. I don’t want to see the world’s currency preference move away from the dollar, and it has been moving away from the dollar. So I think we have to keep a strong dollar… that’s the challenge that Ben Bernanke has, how do we get our economy to grow and keep a strong dollar. I think he’s got kind of the right balance, I don’t agree with everything they’ve done, but I don’t think his motives are malicious or political.”
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