Usually, it’s best not to call someone a “know-nothing” when they are simply seeking more information and a robust debate, else prepare for your statement to boomerang back in your face as you come across as a “know-nothing” yourself.
Example: Ben Bernanke, who recently called Senator Rand Paul and those like him “know-nothings” because they wish to audit the Federal Reserve and question the central bank’s manipulation of the price of money.
So let’s get this straight: seek more information, transparency, and discourse from one of the most powerful and privileged institutions in the world and you will be called ignorant and unwilling to learn.
It appears the former Federal Reserve Chairman prefers condescension over open debate. Who would have thought the former leader of a monopoly institution would think in such a way.
But Senator Rand Paul isn’t backing down from Bernanke’s name calling.
Instead, Rand Paul is calling Bernanke out. And the message is clear: let us have a debate.
Watch Paul take on Bernanke and the central bank in this CNBC interview: