Ron Paul – Monetary Policy is Critically Important

Ron Paul is one of the few in Congress that really “gets it.”  He has filed to run for the Presidency in 2008, but has been really quiet since filing.  I wish that he would pick up the pace, because he is one who could make a difference.

Source: Texas Straight Talk
February 19,  2007 

Federal Reserve Chairman Ben Bernanke testifies twice every year before the congressional Financial Services committee, and I look forward to these opportunities to raise questions about monetary policy.  I believe monetary policy is critically important  yet overlooked in Washington.  Money is the lifeblood of any economy, and control over a nation’s currency means control over its economic well being. Fed bankers quite literally determine the value of our money, by controlling the supply of dollars and establishing interest rates. Their actions can make you richer or poorer overnight, in terms of the value of your savings and the buying power of your paycheck. So I urge all Americans to educate themselves about monetary policy, and better understand how a small group of unelected individuals at the Federal Reserve and Treasury department wield tremendous power over our lives.

The following are some excerpted comments from my opening remarks at the hearing with Mr. Bernanke:

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