Tuesday, February 8, 2011

Reminder: Ron Paul's Subcommittee Hearing at 10AM, Wednesday February 9, 2011

Ron Paul's Domestic Monetary Policy and Technology Subcommittee will hold its first hearing tomorrow (Wednesday February 9, 2011). The hearing will be about examining "the impact of Federal Reserve policies on job creation and the unemployment rate."

(Will the Fed chairman even show up? UPDATE: No he won't. The House Budget Committee, committee's chairman, Paul Ryan, R-Wis, is scheduled to have the hearing with Ben Bernank on the same Wednesday morning. That's mean, although to be expected from Repub like Paul Ryan and his cohorts who opposed Ron Paul's subcommittee chairmanship.)

(Will C-Span bother to carry?)

Most recently, Ben very nervously denied that his pet project of QE (currently version 2) has caused food riots and revolutions (see the beginning of the vid on this post). Of course he will deny that the Fed policies actually decrease jobs and increase the unemployment rate. (For more on that thinking, read this one from Zero Hedge.)


Post a Comment