Ron Paul in Forbes: Fed Up! Audit the Fed.
Submitted by Michael Nystrom on Sat, 05/16/2009 - 20:23
by Ron Paul | Commentary from Forbes
5/15/2009
The Federal Reserve's recent and unprecedented actions in the realm of monetary policy have provoked a backlash among the American people. Trillions of dollars worth of loans and guarantees have been provided to Wall Street firms, while Main Street Americans suffocate under harsh taxation, the prospect of higher debt levels and increasing inflation. These events have awakened many Americans to problems with the Fed's loose monetary policy, the bubbles it has created in the past and the potential hyperinflation it might cause in the future.
This is an excellent response to the piece two days ago in Forbes by Tom Cooley arguing that "The Fed Should Be Boring" (and therefore NOT audited).
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I'm #1282 and its still at
I'm #1282 and its still at five stars!
Blessings )o(
It's kind of funny when Forbes himself was on TV calling the Gov
Of both Obama and Bush 'stupid', 'idiots', 'morons' who may eventually get something right if they screw up enough.
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Glen Beck -- An Exposed Enemy:
http://www.dailypaul.com/node/90198
Glenn Beck Supports NAFTA and taking your job:
http://www.dailypaul.com/node/86643
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Glen Beck -- An Exposed Enemy:
http://www.dailypaul.com/node/90198
Glenn Beck Supports NAFTA and taking your job:
http://www.dailypaul.com/node/86643
Thanks Michael -- Great Post
Octobox
*&^ Constitution --- Constitutional Rationality
Dugg - 1231
And don't forget to rate it 5-Stars at the bottom of the Forbes article to keep it on their top-rated front page.
Obama = O.ne B.ig A.ss M.istake A.merica
Obama = O.ne B.ig A.ss M.istake A.merica
When does he find time to read and write?
Dr. Paul clearly stays up with the media coverage on Congress and world events. I don't know how he does it.
IMissLiberty
IMissLiberty
Must have great staff.
Must have great staff. Wouldn't be at all surprised if some don't check in here from time to time.
This is not only a great response to the Tom Cooley piece.
It's also a great response to all those excuses the congresspeople are coming up with, as to why they won't co sponsor HR 1207.
I especially like how Ron Paul countered the argument that an audit would be too political or put political pressure on the Fed.
A common misconception is that the Fed is completely independent of political pressures. While the Fed has far too much authority to make agreements with foreign governments and central banks, or create temporary liquidity facilities, the governors and--more important--the chairman, are appointed by the president.
The chairman is the dominant figure within the Board of Governors and the Federal Open Market Committee, the public face of the Fed, and he must be reappointed by the president every four years, with the advice and consent of the Senate
This was Great Comeback
to Cooley's sad piece "The Fed Should Be Boring"
http://www.campaignforliberty.com
Title of Liberty:
"In Memory of our God, our religion, and freedom, and our peace, our wives, and our children" Book of Mormon, Alma 46:12
http://youtu.be/I8NhRPo0WAo
Awesome! The article is
Awesome! The article is listed on the front page as the Top Rated article on Forbes' web site.
What a great article!
What a great article!
Ventura 2012
Digg it!
http://digg.com/political_opinion/Forbes_Audit_the_Federal_R...
Ron Paul's Convention Speech
Ron Paul's Convention Speech
769 Diggs!
Ron Paul's Convention Speech
Ron Paul's Convention Speech
I was #1334!
Thanks for the link.
check out the comments...
there are people there debating the definition of inflation...ha ha ha!
Ron Paul is my President
Ron Paul is My President