I recently held a hearing in my congressional subcommittee on the subject of competing currencies. This is an issue of enormous importance, but unfortunately few Americans understand how the Federal Reserve and…
Category: Political Opinion
Fractional Reserve Banking, Government, and Moral Hazard
Last week my subcommittee held a hearing on fractional reserve banking and the moral hazard created by government (taxpayer) insured deposits. Fractional reserve banking is the practice by which banks accept deposits…
Failed Fed Policies Prolong the Agony
The Federal Reserve’s interest rate price-setting board, the FOMC, met last week. They will continue to set the federal funds rate at well below 1%, and plan to keep it low until the end…
Stop Internet Censorship
Although Congress was back in session for scarcely more than a day last week, private citizens across the country managed to cause an uproar felt across Capitol Hill. The uproar took the…
Reply to Ron Paul’s views on the European financial framework
Hello folks. A while back I posted an article by Ron Paul in which he expressed his opinion that the current European debt crisis threatens the dollar. I received a few e-mails…
Obama Gets Real
By: Peter Schiff, CEO of Euro Pacific Capital For most of his time as a national political figure, Barack Obama has been careful to cloak his core socialist leanings behind a veil…