Tim Fernholz explains why the GOP and Ron Paul finally set aside their differences to bash the Federal Reserve.
Now, when Congress reorganizes in January, Paul is likely to be placed in charge of the House panel that oversees the Federal Reserve, and his fellow Republicans, led by Rep. Paul Ryan, are mounting an extensive critique of the Fed’s latest policy, even suggesting it’s time to rewrite the institution’s operating mandate. But Paul is still not exactly on the same page.
“I think they’re missing the whole point,” he says. “I don’t want the Fed to have any power!”
