Messenger of a previous Rebel of the Week: Governor Rick Perry Slams “Treasonous” Federal Reserve (A Ron Paul Tribute)
August 17th, 2011
If you haven’t figured it out by now, we aren’t big fans of the Federal Reserve around here. For a list of reasons why, just search “Fed News Friday” and read our long list of criticisms of it, and the praise we heap upon those that resist it. Usually, the resistance to this body is limited to hard money supporters and small government, anti-inflation advocates. Lately though, the anti-Fed push has grown, and this past week, another presidential candidate jumped on the bangwagon.
Texas Governor Rick Perry, a man who comes from a state where rebellion is in it’s DNA, slammed Fed Chairman Ben Bernanke during a campaign stop, calling the relentless printing of money “almost treasonous”, and railed against the potential of another massive bond-buying program, which has been growing in likelihood for much of the past year. Sounds like someone familiar huh?
Needless to say, his anti-Fed comments have garnered some criticism, particularly from moderate Republicans and the Obama administration. White House Press Secretary Jay Carney even defended the Fed, calling it’s independence “important” to the economy. Unfortunately for us, that Federal Reserve “independence” is often used as a justification for trillions of bank loans being made under a cloak of secrecy in the name of monetary stability. Some republicans have criticized the governor for wasting his energy attacking Mr. Bernanke, since as president, there is little he could do to halt the Fed’s spending spree if he wanted to, short of getting rid of it completely.
Let’s thank Rick Perry to carrying a message we have repeatedly heard from Congressman Ron Paul for years. Thanks for being the messenger of our previous Rebel of the Week ( Ron Paul ).
