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…
Tag: Texas Straight Talk
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…
The Business of Government
Amid the din of economic nonsense being bandied about since the collapse of the housing bubble and the steep ramping up of our national debt, there has been the persistent refrain that…
Ron Paul – The Fed Twists, The Market Shouts
Last week the Federal Reserve began the second incarnation of “Operation Twist”, an attempt to drive down interest rates by purchasing long-term Treasury debt and selling short-term debt. This is just the…
Ron Paul – Super Congress A Gift to K Street
The Super Congress created by the recent debt ceiling increase deal is a typical example of something nefarious attached to a bigger bill that is rushed through Congress without giving Members ample…
Ron Paul – When a Cut is Not a Cut
By: Dr. Ron Paul, U.S. Congressman One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to…