08282015Fri
Last updateMon, 27 Apr 2015 12pm
Tractor Supply Company

Paul to Bernanke: Our time has come for serious discussion on monetary reform

The Hill:

Rep. Ron Paul (R-Texas) took a break from his presidential bid to pursue one of his favorite pastimes — criticizing the Federal Reserve.

Paul returned to Capitol Hill on Wednesday to question Fed Chairman Ben Bernanke, who was appearing before the House Financial Services Committee to deliver his semiannual testimony.

The longtime central bank critic and author of End the Fed opened with a lengthy critique of the central banking system, which he maintained is a wrongheaded experiment that has fueled bubbles and bursts in the financial system.

"Nobody's smart enough to have central economic planning," he said. "Our time has come for serious discussion on monetary reform."

"The Fed's going to self-destruct eventually anyways," Paul added later.

He went on to criticize the Fed for its monetary policy, reiterating his longstanding desire for currency backed by hard assets like silver and gold. He pressed Bernanke on why existing fiat currency couldn't coexist with hard currency like silver. ...

 

BLOG COMMENTS POWERED BY DISQUS
" If the American People ever allow private banks to control the issue of currency, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered... "

--Thomas Jefferson

Please consider contributing, if only a couple of bucks, the cost of countering the liberal media is arduous and costly.

  

Recommended Reading...

Lumber Liquidators
GameStop, Inc.