Wednesday, December 15, 2010

Ron Paul rides again................

The Revolution is here! Searching for leadership, congressional Republicans have finally turned to Ron Paul. Well, to chair the House subcommittee on domestic monetary policy, at least. But that does put Congress's leading critic of the Federal Reserve in charge of the panel that oversees the central bank. Ben Bernanke, beware. The 12-term libertarian-leaning congressman from Texas has written a book-length manifesto – titled simply End the Fed – calling for the Federal Reserve's abolition. He will likely call leading Austrian economists affiliated with the Ludwig von Mises Institute to Capitol Hill to testify alongside staid mainstream economists. Fortune magazine recently asked, "Will the Fed be able to survive Ron Paul?".Link

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