Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.64

+1.2%

Dec 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (56784)	7/28/2000 4:07:27 PM
From: long-gone	of 116815

Paul Challenges Greenspan on Monetary Policy Congressman Warns Against Currency Inflation Washington D.C.- Federal Reserve Board Chairman Alan Greenspan testified before a House Banking Committee today, presenting Congressman Ron Paul with an opportunity to question the Fed's manipulation of our monetary system. Paul, a member of the House Committee on Banking and Financial Services, is a longtime advocate of sound monetary policies based on free market interest rates and commodity money. He has been an outspoken critic of the Federal Reserve and its inflationary policies. Paul's questions focused on the distortions created by the Federal Reserve's expansion of the money supply, noting that businesses tend to make bad decisions when large amounts of Fed-created capital are available. He also challenged the notion that the federal government has a "budget surplus", given our ongoing borrowing and an ever-increasing national debt of more than a trillion dollars. Congressman Paul noted that in the past decade, the Federal Reserve has greatly increased the M3 money supply. He pressed the Fed Chairman to comment on the recessionary correction that results from monetary expansion, citing the conclusion of several prominent Austrian-school economists that such an expansion is unsustainable. "I would appreciate your assurances that you think those economists are wrong on this" Paul said, although Greenspan declined to engage in an "intellectual discussion" on the issue.... .... SNIP .... Read the rest of this press release at house.gov

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next