Joy comes in the morning!! Ron Paul named to chair of subcommittee that oversees the Fed!
The man who wrote the book End the Fed, and has also previously authored legislation to do just that, has just been made the head watchdog for the House’s Central Banking subcommittee. Bloomberg had an interesting article here, where Massachusetts representative Barney Frank seems to think (hope) that the majority of Republicans don’t share Paul’s abolitionist tendencies. Time will tell, but I think Congress’ better angels might finally stand a better-than-even chance against their demons, with Mr. Paul driving the bus.