CSPAN Interview With Rep. Ron Paul On The Federal Reserve (Newsmakers)

Rep. Ron Paul, incoming Chairman of the Financial Services Subcommittee on Domestic Monetary Policy (who "will have Congressional oversight of the Federal Reserve"), was interviewed by CSPAN's Newsmakers for thirty minutes. Video after the jump.

"On C‑SPAN's Newsmakers, he shares his concerns regarding the agency's monetary policies. In the past, the representative has been very vocal in his criticism of the way the Fed is handled and has gone so far as to propose that it be eliminated in his latest book, "End the Fed." Source: Newsmakers

h/t historysquared


  1. Paleomonetarism by Paul Krugman in NYT

    "The best example would surely be Ron Paul, who’s now going to have oversight over the Fed. If you read his stuff, it’s very clear: money is a well-defined quantity that the Fed controls, and inflation comes from — indeed is defined as — increases in that quantity.

    What he means, I guess, is monetary base. Here’s the actual relationship between monetary base and inflation:"

    Read: http://krugman.blogs.nytimes.com/2010/12/19/paleomonetarism/

  2. http://research.stlouisfed.org/fred2/series/EXCRESNS?rid=19&soid=1 ?


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