The greatest critic of fiat currency perhaps anywhere in the world is about to take control of a congressional panel that would conduct oversight on the US Federal Reserve bank.
This could get interesting.
After November's Republican electoral wave crashed a Democratic majority in the US House of Representatives, Representative Ron Paul (R-TX) was one of several ardent critics of status-quo thought that GOP leadership thought about empowering.
To stifle Democratic efforts toward meaningful climate change legislation, they vowed to shut down funding for the House Select Committee on Energy Independence and Global Warming. To block new regulations of greenhouse gases, Republicans picked Rep. Fred Upton (R-MI), who called "poisonous" any attempt at regulation, to chair the House Energy and Commerce Committee. And now, to feed their libertarian-leaning base of supporters, Ron Paul is headed to the Fed.
