Good Lord – I’m loving this stuff. Ron Paul appointed to the House Subcommittee in charge of Federal Reserve oversight. You have to be kidding. This is great!
Republican Rep. Ron Paul of Texas, one of the most outspoken critics of the Federal Reserve, will lead a congressional panel next year with oversight over the central bank.
Paul, who wrote a book entitled “End the Fed,” told Bloomberg Television in an interview this morning that he will “not really, not right up front” push for an end to the Fed.
“But obviously that’s the implication,” he added. Paul said he will first focus on oversight.
When Republicans take over the House next year, Paul will chair the House Domestic Monetary Policy Subcommittee, which is part of the Financial Services Committee. Rep. Spencer Bachus of Alabama, chairman-elect of the Financial Services Committee, announced the new leaders of the committee yesterday…..
Paul’s scrutiny of the Fed has bolstered his libertarian credentials in the eyes of his supporters. On Wednesday, a coalition of about 30 Tea Party-aligned groups wrote a letter to Bachus and incoming House Speaker John Boehner in support of Paul’s appointment to chair the financial subcommittee, the Washington Post reports. The letter came after reports that GOP leaders may have given the chairmanship to someone else because of Paul’s views.
This is really a brilliant move. First, Jeff Flake is appointed to Appropriations – now this. Keep ’em coming Mr. Boehner.