Ron Paul Wants to Stop QE3 Before It Destroys America
Posted on: 2012-09-23 13:53:05
Once again, he's right. Are YOU prepared?
Ron Paul will try and batter down QE3 today. And he’s on a mission.
The Texas congressman, who is a fierce critic of the government’s hand in the free markets … and by default the Federal Reserve and any decision it makes …, announced that as the chairman of the Domestic Monetary Policy and Technology Subcommittee, his subcommittee would hold a hearing to examine the effects of the Federal Reserve’s interest rate policy on the American people.
In typical flamboyant Ron Paul fashion the hearing is entitled “The Price of Money: Consequences of the Federal Reserve’s Zero Interest Rate Policy.” It will be held on Friday at 9:30 a.m.
Witnesses scheduled to testify include James Grant, editor at Grant’s Interest Rate Observer, and Lewis E. Lehrman, the senior partner of L.E. Lehrman & Co.
Paul has previously said that Quantitative Easing ... also known as
QE ... is a "detachment from reality" and that the Fed plan won't work.