May 5, 2012
Paul’s hearing on Tuesday is titled: “The Federal Reserve System: Mend it or End It?”
Republican presidential candidate Rep. Ron Paul (R-Texas) will return to Washington next week to chair a hearing on how the Federal Reserve system might be reformed, or even dismantled.
Paul chairs the Financial Services subcommittee on Domestic Monetary Policy & Technology, and will hear testimony on Tuesday morning from two members of Congress and several economists at his hearing titled, “The Federal Reserve System: Mend it or End It?”
Paul is a longstanding critic who has said the Fed should be dismantled because its control over interest rates lead to boom-bust cycles, and more recently, because of the Fed’s involvement in propping up real estate values and banks. But he has also pushed for more moderate solutions, including a bill that would require a public audit of the Fed that now has 224 House co-sponsors.
This article was posted: Saturday, May 5, 2012 at 3:50 am