Ron Paul - House Domestic Monetary Policy Chairman

[AZRedhawk44]

http://www.bloomberg.com/news/2010-12-09/ron-paul-author-of-end-the-fed-to-lead-fed-oversight-panel.html

Teh Awesum.  It is overflowing.

Yeah, Paul is quirky and goes overboard at times.

But... I think we need a little bit of "overboard" in his direction rather than the current direction.

[HankB]

Even though I don't want him as POTUS, Ron Paul was my congressman for a time - and I think he makes a fine congressman. (Certainly better than the worthless empty suit - Doggett - I'm stuck with now.  )

I look forward to seeing him head this oversight panel.

[Perd Hapley]

 

[Waitone]

Earlier Boehner said he was not inclinded to let Paul get near the chairmanship.  Seems he was in communication with elements of the FED.  So I took that as Boehner going squishy. 

Then yesterday Boehner puts up Fred "Ban the incandescent Lightbulb" Upton as chair of the Energy Committee.  Now I'm convinced there is a RINO resurrection afoot. 

Then I read today Boehner may have grown a spine and agrees to Paul as chair of the Monetary committee.  Now I'm not so sure of a rising RINO tide.   In any case you can take it to the bank.  The FED will not be audited.  Perhaps the FED has agreed to be embarrassed and held up to public ridicule in exchange for no real live, honest to goodness audit.

[AZRedhawk44]

Then yesterday Boehner puts up Fred "Ban the incandescent Lightbulb" Upton as chair of the Energy Committee.  Now I'm convinced there is a RINO resurrection afoot. 

I've heard soundbites from Fred Upton regarding light bulbs in the last week.  I think he "sees the light" on this issue now.

You're probably right though, that the RINOs are certainly looking to preserve what they can.

I'm hoping we sent enough "Big Five" hunters to DC, with enough safari firepower, after this election.

[RevDisk]

BWAHAHAHAHAHA

[MicroBalrog]

So.

In plain English, Congress-watchers:

What does this mean in terms of Ron Paul's weight as a politician? Will he have any informal influence in matters outside the direct influence of his committee?

[RevDisk]

So.

In plain English, Congress-watchers:

What does this mean in terms of Ron Paul's weight as a politician? Will he have any informal influence in matters outside the direct influence of his committee?

Depends.  Could be a little influence, could be a LOT of influence.  Depends on the skill and "pull" of the politician.

[roo_ster]

BWAHAHAHAHAHA

Me, too.

The photo of Bawney Fwank lower on the page is great.

[Waitone]

A few disjointed thoughts and observations.

I think the best we can hope for with Paul at the head of the monetary committee is largely educational which is not the same as saying he will be ineffective.  Paul has already said he wants a public debate on monetary policy. He has said he would like to have testimony in which Austrian economists would sit next to esteemed Keynesians and debate policy.  His purpose seems to let the American people know there are alternative economic systems to what we currently experience. 

We might also be treated to publicity // testimony on the FED's private corporation status.  I'm sure there will be investigations of our gold reserves.  Bottom line, if Paul gets his way, a lot of sunlight will spill on to the FED and supporting companies and organizations.  His effect will be felt long term.  What will not happen will be near term control over the FED.   There will be no honest-to-goodness audit.  There may be a sham audit, but nothing meaningful.

Pick up and read a copy of The Creature from Jekyll Island by G. Edward Griffin to get a clue as to where Paul is headed.

[makattak]

A few disjointed thoughts and observations.

I think the best we can hope for with Paul at the head of the monetary committee is largely educational which is not the same as saying he will be ineffective.  Paul has already said he wants a public debate on monetary policy. He has said he would like to have testimony in which Austrian economists would sit next to esteemed Keynesians and debate policy.  His purpose seems to let the American people know there are alternative economic systems to what we currently experience.  

We might also be treated to publicity // testimony on the FED's private corporation status.  I'm sure there will be investigations of our gold reserves.  Bottom line, if Paul gets his way, a lot of sunlight will spill on to the FED and supporting companies and organizations.  His effect will be felt long term.  What will not happen will be near term control over the FED.   There will be no honest-to-goodness audit.  There may be a sham audit, but nothing meaningful.

Pick up and read a copy of The Creature from Jekyll Island by G. Edward Griffin to get a clue as to where Paul is headed.

Umm... Autrians versus Keynesians would be great. (I'm an Austrian, btw.)

However it would also be useless. Although many politicians are Keynesians, very few economists are.

A better debate would be between Austrians and Monetarist/Neoclassical economists as they are the major school of thought.

(Note: there are probably still more Keynesians than Autrians, though.)

[Zardozimo Oprah Bannedalas]

OMGWTFBBQ?

This is glorious.

[MicroBalrog]

"Republicans stashed him in this job because they don't want him making more important decisions," said Megan McArdle, a prominent libertarian blogger and economics editor of the Atlantic.

http://www.slate.com/id/2277521/pagenum/2

[zxcvbob]

Bottom line, if Paul gets his way, a lot of sunlight will spill on to the FED and supporting companies and organizations.  His effect will be felt long term.

They'll kill him before that happens.

[RevDisk]

They'll kill him before that happens.

I somehow suspect he's paranoid enough not to go out extremely easily.  Small aircraft are a favorite for such things. 

But they probably have written the guy off as a kook.  Dangerous, sure, but not, you know, a real threat. 

[KD5NRH]

But they probably have written the guy off as a kook.  Dangerous, sure, but not, you know, a real threat.

It's a great way to get yourself underestimated by your opponents.

That's why we keep fistful surrounded by ninjas, just in case.