Ron Paul Fights Back Against Banksters, but is Overshadowed By Obamacare and HolderSubmitted by legalizeliberty on Fri, 06/29/2012 - 14:36
Thursday's Supreme Court ruling on President Obama's flagship legislation and Attorney General Eric Holder's vote of contempt are stealing the headlines this week. The 24-hour news stations are devoting all their energies into covering every nuanced angle of each decision, interviewing prominent politicians, and monitoring the public's reaction to these significant changes in Washington D.C. In the shadow of these two monumental decisions, presidential candidate and Congressional Baseball Hall of Fame inductee Ron Paul held a hearing in the Domestic Monetary Policy and Technology subcommittee, chaired by Dr. Paul, entitled: Fractional Reserve Banking and the Federal Reserve: The Economic Consequences of High-Powered Money.
Chairman Paul, an adherent to the Austrian School of economics, invited fellow Austrians Dr. Joseph Salerno, Dr. John Cochran, and Dr. Lawrence H. White to discuss the effects fractional reserve banking and central economic planning have on the economy. If the need for massive government intervention in health care - that will benefit Big Pharma more than the Average Joe - and the Fast and Furious gun-running scandal are the symptoms; central planning, along with fractional reserve banking is the disease.