Mike “Mish” Shedlock
Global Economic Trend Analysis
Business Insider
11/8/2010
With Republicans taking control of the House, Ron Paul becomes the senior member on the Domestic Monetary Policy Subcommittee of the House Financial Services Committee.
Paul looks to raise hell judging from his plans.
Those looking for good news amidst the insanity of QEII can find it here: Ron Paul Is About to Totally Revolutionize the House Monetary Policy Panel
“I will approach that committee like no one has ever approached it because we’re living in times like no one has ever seen,” Paul said in an interview with NetNet Thursday.
Paul said his first priority will be to open up the books of the Federal Reserve to the American people. “We need to create transparency there. To see what it is they are buying and lending, and who it is they are dealing with,” Paul said.
Paul mentioned that he hoped to use subcommittee hearings to educate the public about the causes of business cycles—which he believes are mainly attributable to monetary manipulation by central bankers.
Monetary reform is also on the agenda. Paul is a noted advocate of the gold standard.
“We will have to have monetary reform,” Paul said. “I think those on the other side of this issue are already planning. They are going to try to replace a bad system with an equally bad system.”
The article continues at Business Insider. Also by Shedlock, Here Are The Three Reasons QE2 Will Backfire
