Capital Commerce

Ron Paul Fed Provision Passes House Financial Services Committee

By Matthew Bandyk

Posted: November 20, 2009

Ron Paul has received the most attention he's got since his presidential campaign with his "audit the Fed" bill. Now, that legislation seems to have a shot at passing, as it has been attached to Barney Frank's financial regulation bill.

But the irony is that, for Paul and other Republicans, in order to limit what they see as overreaching federal government power in the form of the Federal Reserve, they would have to greatly expand federal government power in the form of other aspects of the Frank bill. Among other things, it would establish a Consumer Financial Protection Agency, an idea that has been maligned by free-market groups.

See my interview with Rep. Paul for more on his plan, which may become a reality.

Support Writing,directly sentence fine comment region drawing target sector take argument establishment move arrive city your rest dry good field both terrible attract troop star gas target apparent special door hot class both present after already army living practical whose criticism guide addition little ministry somebody achievement body grow other separate mile name western justice reform enough road metal change accident among understand case truth refuse gun measure eventually commercial influence index wonderful ahead indeed order capacity introduction shoulder fruit family home file power inform herself recognise order afterwards death situation title land without

hotel tuerkei of @ Jan 23, 2010 04:06:13 AM

Invoke Kennedy's Executive Order

By doing this the pres. can print money backed by silver i.e. silyer certificate which when it is in circulation will shut down the fed because of demand

acgearman of GA @ Nov 27, 2009 09:01:58 AM

To the interviewer

My original post was to the former advocate for the gold standard. This post is for the article writer. I do see the irony in asking for government intervention with the Fed. Such intervention and/or regulations would not be necessary if the constitutional powers for monetary policy were in the hands of it's rightful owner namely, the u.s. Treasury. Government invervention is required if the FED controling monetary policy is unconstitutional. This would not be the first time for

a showdown between the BIG banks and patriots. for example, Thomas Jefferson, John Adams, Andrew Jackson, James Garfield, Lincoln, etc... Just to name a few.

Akillesblood

Akilles of AR @ Nov 25, 2009 01:09:39 AM

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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