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The Fed? Ron Paul's Not a Fan.

New York Times Original article ›

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LyrArc Article Gist
Rep. Ron Paul, assumes chairmanship of the House sub-committee that will oversee the US Federal Reserve. He is the author of the 2009 book "End the Fed." He is critical of the Greenspan-Bernanke Fed policy on interest rates, calling it an inflation of the money supply, penalizing the thrifty and cheating those who save, promoting consumption and spending over saving and investing. He views it as economically destructive. He views Fed policy in other areas as immoral, such as what he calls a counterfeiting operation-creating new money out of thin air- to sustain monopolistic financial cartels.

Criticism of Bernanke's role at the Federal Reserve

01/02/2009

The difficult renomination and the subsequent 70-30 vote with 30 Senators opposed including Boxer, Feingold, Sanders and others. This follows Ron Paul's criticisms in Congress of the Fed's role- see that link group.

Grouped Articles

Martin Feldstein: The Federal Reserve's Policy Dead End

Wall Street Journal 05/09/2013

Bhidé and Phelps: Central Banking Needs Rethinking

Wall Street Journal 07/16/2013

Fed Chairman’s Departure Casts a New Light on the Bush Legacy

New York Times 07/26/2013

Wanted: A Boring Leader for the Fed

New York Times 08/20/2013

The Fall of Summers

Wall Street Journal 09/15/2013

What's Needed in the Next Fed Chief

New York Times 09/15/2013


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