Tuesday, November 9, 2010

Ron Paul on the Fed

There was an article yesterday on CNBC.com "Fed Will 'Self Destruct,' Policy 'Deeply Flawed': Ron Paul." 

Ron Paul is very much in tune with the Austrian perspective of the economy.  He argues that the Fed's actions are in the wrong direction and that when he becomes chairman of the committe that oversees Monetary Policy, his approach will be very different.  He is in favor of opening up the dollar to domestic competition.  Competitive currencies would allow individual citizens the ability to escape from the mismanaged, inflationary policies of the Fed set forth in the post-gold standard era.

To read this article, it is here: http://www.cnbc.com/id/40068994/


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