Dispenser of Negativity
- May 30, 2007
- Reaction score
- Political Leaning
Paul, who has written a book called "End the Fed," has been a fierce critic of the central bank's efforts to boost the economy through monetary policy.
"It's an outrage, what is happening, and the Congress more or less has not said much about it," he said.
Paul said his subcommittee would also push to examine the country's gold reserves and highlight the views of economists who believe that economic downturns are caused by bad monetary policy, not the vagaries of the free market.
Global organizations like the International Monetary Fund also will come under scrutiny, he said.
"Eventually we're going to have monetary reform. I do not believe the dollar can be the reserve standard of the world," said Paul, who has called for returning the United States to a currency backed by gold or silver.
Finally some good news, hopefully Dr. Paul gets the position. Payback has been long overdue for Bernanke and his cronies.
Rep. Ron Paul expected to lead House in Federal Reserve oversight | Raw Story