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News Link • Federal Reserve

Ron Paul: The Fed encourages never-ending war

• www.deathandtaxesmag.com, By DJ Pangburn
 

It’s been rather quiet on the Ron Paul front, but the presidential candidate recently questioned Federal Reserve Chairmen Ben Bernanke on monetary policy, one of the Libertarian’s favorite themes.

While Paul’s quest to end the Fed, or to at least increase its transparency, may seem to be a losing battle to many observers, he’s certainly educated the public on the Fed’s culpability in encouraging reckless banking and investment practices, as well as government largesse.

One of the best exchanges between Paul and Bernanke was as follows:

Paul: Under the Constitution, who has the authority to manage monetary policy?

Bernanke: The Congress has the authority and it’s delegated it to the Feder Reserve. That’s a policy decision that you’ve made.
 
Paul: But they can’t transfer authority. You can’t amend the Constitution by just saying ‘Ee’re gonna create some secret of individuals and banks.” That’s amending the Constitution. You can’t do that! … Which branch of government has the right of oversight [of the Federal Reserve]?

1 Comments in Response to

Comment by Anon Patriot
Entered on:

MOMENTUM, FOLKS - MOMENTUM!  LET'S KEEP THIS GOING!

CONTACT Sen. Harry Reid on H.R. 459's Passage (327-98) - TODAY!

I did! Here is the text of my message:

"I was just informed, that the House voted, 327-98, on H.R. 459, & AUDIT THE 'FED' passed! I was also just informed, that 'Sen. HARRY REID is refusing to put Audit the Fed up for a vote in the Senate.' And, to 'Please contact his office today and tell him to support AUDIT THE 'FED' and allow for a Senate vote!'

327-98, Senator, is a CLEAR MAJORITY. THE PEOPLE have spoken. Question: Do you represent THE PEOPLE? You may wish to think about this question when it comes time for your re-election"


CONTACT SEN. HARRY REID TODAY! LET'S FLOOD HIS EMAIL ON THIS ISSUE!
(Feel free to Copy and Paste the message above, if you wish)
http://www.reid.senate.gov/contact/index.cfm

Related News:

Audit the Fed Passes the House! 327(Y)-98(N)
http://www.campaignforliberty.org/profile/7788/blog/2012/07/25/audit-fed-passes-0

 


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