“Long-time Fed basher Rep. Ron Paul (R., Texas), who wrote a book titled “End The Fed,” squared off Wednesday with Fed Chairman Ben Bernanke at a hearing on Capitol Hill and wasted little time going after the central bank.
“The real cause of price inflation, which is a deadly threat to us right now, is the Federal Reserve system and our monetary policy,” Mr. Paul said.
It was Mr. Bernanke’s first appearance before the House Financial Services Committee since Republicans took control of the House in January, and the first since Mr. Paul took over as chairman of the subcommittee overseeing monetary policy issues. Mr. Paul used the opportunity to accuse the Fed of abetting the government’s growing debt.” Read more.
“Ron Paul to Bernanke: ‘Define the Dollar’”
Michael Crittenden
Wall Street Journal, March 2, 2011.
Image by dan / FreeDigitalPhotos.net.
