Ron and Rand Paul Question the Fed: NPR Finds It ‘Shrill’ and ‘Ugly’
On NPR's Morning Edition on Monday, anchor Steve Inskeep welcomed a regular guest, Wall Street Journal economics editor David Wessel (from the liberal news side, not the conservative opinion-page side). The new Congress is already too “shrill” and “ugly” with libertarian argument against Federal Reserve chairman Ben Bernanke's printing money to buy government bonds: INSKEEP: Rand Paul is a name that got a lot of attention in the election this past Tuesday. He won a Senate seat from Kentucky. But, of course, his father, Ron Paul, ran for president a couple of years back, is still in the House, and it looks like he's going to chair the committee that oversees Ben Bernanke's Fed. WESSEL: That's right. Ron Paul, who wrote a book called “End the Fed” – so you know what he thinks ought to happen. He'll definitely give Mr. Bernanke a hard time, but he's really seen as something of an outlier. He's a Libertarian. He doesn't believe in paper money. And I don't think many of the other Republicans are quite comfortable with that view. But it will be interesting to have him in the House and his son, a senator from Kentucky, taking a seat that was vacated by another shrill critic of the Fed, Jim Bunning. So, it will be a lot of fireworks there, I'm sure. read more
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Ron and Rand Paul Question the Fed: NPR Finds It ‘Shrill’ and ‘Ugly’
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on November 9, 2010. Filed under