Saturday, May 03, 2008
The Wall Street Journal reports that Republican Congressional leaders wants to hold hearings on the role of the Fed in driving up the price of energy and food. Of course, one Republican by the name of Ron Paul has long emphasized this, but this has until now been largely ignored by other Republicans. Perhaps Paul's educational campaign has actually affected Republican congressional leaders. At any rate, it is good if there is increased awareness of the consequences of Fed policy.