Senator Paul is blocking the "No Child Left Behind" reauthorization, using procedural rules, and forcing a discussion on the floor. This is great, namely because NCLB is an abomination to limited government principles – a creature of George W. Bush and the late-Ted Kennedy – that doubled the size of the Department of Education. Yesterday, [...]
On Oct. 4, as I described previously in my own review of the Domestic Monetary Policy Subcommittee hearing on Audit the Fed [VIDEO], Chairman Bernanke told Senator Mike Lee that his (and C4L's) concern about the "general veil of secrecy under which the Federal Reserve typically operates," was nothing more than an "urban legend." In a [...]
During a subcommittee hearing today, Senator Paul was able to question Treasury Secretary Timothy Geithner on the "wisdom" of central bankers determining interest rates instead of market forces. He asked Geithner what he thought caused the housing bubble, and not-so-subtly-hinted that the NYFed and the FOMC played a role. http://www.youtube.com/watch?v=yqLfwyCTIyc As an aside, here's an article [...]
