Ron Paul is on CNBC this morning and he is saying that the Federal Reserve's policy of quantitative easing will not work, as there is no evidence of it.

Paul is discussing that he believes it is wrong to have inflation. He says that the Federal Reserve believes it has control over inflation, but in actuality it doesn't.

Paul is saying that Chairman Bernanke wants to liquidate the debt, which he is trying his hardest to do.

Paul believes that creating $600 billion with the stroke of a pen is extremely dangerous.

Paul says that the market is much more powerful than central banks.