House Financial Services Chair Maxine Waters (D-CA) and Senator Elizabeth Warren (D-MA) have introduced the Federal Reserve Racial and Economic Equity Act. This legislation directs the Federal Reserve to eliminate racial disparities in income, employment, wealth, and access to credit. … Continue reading →
by Ron Paul Today, the federal government burdens us with one of the most dangerous taxes it can impose — the inflation tax. When the federal government finds that it cannot afford its out-of-control spending, and is unwilling to directly … Continue reading →
Are we in recession? That may be a stupid question to ask now but yes we have been for more than 2 consecutive quarters. What makes this recession difference from the one we experienced in 2000 is the fact that … Continue reading →
The media insists on characterizing statements about dependency on government handouts as controversial, but in truth such statements are absolutely correct. It’s not that nearly half of Americans are dependent on government; it’s actually more than half. If one includes … Continue reading →
Later this month Congress will have an unprecedented opportunity to force the Federal Reserve to provide meaningful transparency to lawmakers and taxpayers. HR 459, my bill known as “Audit the Fed,” is scheduled for a vote before the full Congress … Continue reading →
Congressman Paul gives an opening statement and questions Federal Reserve Chairman Ben Bernanke. Financial Services Hearing Highlights Feb 29 2012 Dr. Paul asks Bernanke if he does his own grocery shopping at 3:50, and addresses the false CPI statistics that … Continue reading →
There is no greater threat to the security and prosperity of the United States today than the out-of-control, secretive Federal Reserve. Imagine that parents, overwhelmed by debt and months behind on their bills, sent their spendthrift teenagers out each weekend … Continue reading →
Ron Paul told Lou Dobbs that the inflation tax – printing more money and expanding the monetary base – will result in people going in the street. Paul made his comment following large demonstrations and riots in Europe in response … Continue reading →
There are currently no plans at the Federal Reserve to tighten the credit supply of the nation yet. The Federal Reserve has certain controls over the amount of accessible lending capital in the financial system. Fear of inflation is causing … Continue reading →
Last week, the subcommittee which I chair held a hearing on monetary policy and rising prices. Whether we consider food, gasoline, or clothing, the cost of living is increasing significantly. True inflation is defined as an increase in the money … Continue reading →
