Thinking Things Over May 13, 2012 Volume II, Number 19: Fundamental Monetary Reform Is Coming…(Part One) By John L. Chapman, Ph.D. Washington, D.C. The monetary system is to the economy what circulating blood is to the body: the former enables the latter to function. If the former is plagued with a virus, the latter will .. read more
Okay, I don’t write about politicians on this blog but I’m going to make an exception tonight. In an interview Ron Paul was asked who he would choose for Fed chairman. His answer? James Grant.
Ron Paul has introduced a bill to audit the Fed. You might think that Congress already does that, but you would be wrong (via Forbes): While I am a proponent of eliminating the Federal Reserve System altogether, I believe that as long as the Federal Reserve exists it should be fully audited. According to current .. read more
What politician said this in explaining his vote against the Gramm-Leach-Briley bill in 1999 (G-L-B was the legislation that repealed the Glass-Steagall restrictions against commercial banks owning investment banks): Today we are considering a bill aimed at modernizing the financial services industry through deregulation. It is a worthy goal which I support. However, this bill .. read more