Ron Paul hopes to ‘indirectly’ end the Fed
National Review published an extensive interview with Rep. Ron Paul (R-Tex.) Wednesday. The discussion centered primarily around Paul’s views on monetary policy
National Review published an extensive interview with Rep. Ron Paul (R-Tex.) Wednesday. The discussion centered primarily around Paul’s views on monetary policy and the Federal Reserve. Paul has been a longtime opponent of the Fed — he titled his book End the Fed — and was tapped to head the subcommittee on domestic monetary policy, which oversees the Fed, now that Republicans control the U.S. House.
For those concerned that Paul would seek to undercut the Federal Reserve by any means with his new position, the interview offers both hope and reason for concern. It doesn’t appear that a Paul chairmanship will be dominated by measures to completely strip the Fed of its power, but Paul will try to use his new position of power to highlight his concerns with the institution.
“„nro: Are you going to try to use your influence there to, as per your book title, “End the Fed”?
“„PAUL: Not directly. Indirectly, though, yes. The Fed will end because the system we have is not viable. All printing-money systems always end. So my goal in the book as well as in the committee is to expose the Fed for what they do, how important it is economically, why they don’t achieve what they pretend to achieve, and why they need to have more transparency. I would just like to legalize competition, legalize the Constitution, and allow people to use gold and silver as legal tender. And then if people don’t like the paper money, they can start using gold and silver in savings accounts or spending or whatever. Today if you do that, you go to prison.
Paul also briefly discussed his take on a number of other issues such as illegal immigration (perhaps not quite as libertarian as you might expect), making another presidential run in 2012 (he’s still deciding), and the new majority in the House. Besides his son Rand Paul — who has moved in with his father in Washington D.C., after he was elected to the U.S. Senate from Kentucky — Paul sees potential allies in the new class of Republicans.
“„A lot are not politicians, a lot have run their first races, like Rand did — that was his first race, he didn’t work his way up the system. I think it will be a lot of people like that who will be very independent-minded, and that’s what we need.
Read the full interview at NR’s website.
Related
Rep. Patrick McHenry: Please, Conservatives, Fill Out Your Census Forms!
The conservative congressman from North Carolina, a constant critic of the census -- one of the people who sounded the alarm about politicization when the
Rep. Paulsen allies with medical device industry to relax FDA oversight
Source: Flickr; Republicanconference (www.flickr.com/photos/republicanconference) On the heels of the Minnesota Independent story last week about U.S. Rep. Erik Paulsen’s cozy financial relationship with the medical device industry, the New York Times reported Tuesday that some health professionals are alarmed by Paulsen’s push to relax Food and Drug Administration (FDA) oversight
Rep. Parker Griffith (R-Ala.)
One of the most conservative Democrats in the House -- a freshman who said he couldn’t support Nancy Pelosi again -- is going to switch over to the GOP. Josh
Rep. Paulsen touts balanced budget constitutional amendment
In a post for the conservative blog True North , U.S. Rep
Rep. Paulsen, Karl Rove the latest to get ‘glittered’
Rep. Erik Paulsen and former Bush staffer Karl Rove were both showered with glitter at the Midwest Leadership Conference Friday
Rep. Paul Ryan to deliver SOTU response
Chairman of the House Budget Committee Rep. Paul Ryan (R-Wis.) will deliver the Republican response to the State of the Union Tuesday, according to Mike Allen
Rep. Perlmutter criticizes House measure that would eliminate 800K federal jobs
Congressman Ed Perlmutter today issued a scathing statement criticizing the House of Representatives for passing a spending bill that could put nearly a million federal employees out of work. The Colorado delegation voted strictly on party lines, with all four Republicans voting in favor of the bill and the three Democrats voting in opposition. Perlmutter’s statement: “My number one priority is to get people back to work because that’s the best thing we can do to pay our debt and move forward toward economic stability
Rep. Perlmutter to hold constituent meet-up in grocery store
Colorado Congressman Ed Perlmutter will hold a Government in the Grocery constituent meet-up this evening from 5-7 at the Safeway at 38th and Wadsworth in Wheat Ridge. The address is 3900 Wadsworth. The meeting, where Perlmutter typically sits at a folding table and talks to whomever shows up, is free and open to the public
Rep. Peace, ACLU seek investigation of soldier’s allegations of racial discrimination in Afghanistan
Both Rep. Steve Pearce (R-NM) and the American Civil Liberties Union agree: There needs to be an investigation into Spc.
School of Hock
A growing number of college grads are defaulting on their student loans as the economy worsens.
