Dans le FT : Ron Paul et la Fed

[Aurel]

Ron Paul, the newly empowered Federal Reserve watchdog in the House of Representatives, said the US was on the verge of a currency crisis brought about by monetary policy and pledged to introduce sweeping audits of the central bank.

The libertarian author of End the Fed, a polemical 2009 attack on the bank that became a surprise best-seller, Mr Paul was last week appointed by his fellow Republicans to head the House financial services subcommittee that scrutinises monetary policy.

“What I really fear is that when the Fed comes to an end it will not be by my planning but it will end with a catastrophic financial dollar crisis,” said Mr Paul. “This crisis when it comes, and I think we’re approaching it, affects everybody because it’s such an important currency. I think we’re moving into very, very dangerous times.”

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Instead, he wants members of the Austrian School of economics to debate Paul Krugman, the Nobel prize winner and standard bearer of liberals. “Let Paul Krugman argue ‘spend more, print more’ and have somebody else come out and give the correct answers,” he said.

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