Thanks to Spencer Bachus of Alabama, the ranking Republican on the House Financial Services Committee, Ron Paul was able to speak right after chairman Barney Frank. Amazing to hear a blast of eloquent truth in Congress. Ron pointed out that just as the Bretton Woods system failed in 1971, the paper dollar standard has now failed, and that we need sound money to survive. Instead, the central banks of the world are planning in secret an international printing press with regulatory powers. As Ron said, we must not particiate in another wealth-destroying failed monetary scheme. BTW, Barney’s statement seeemed to be directed against the Austrian view, which thanks to Ron has more and more resonance among the people.

The Best of Llewellyn H. Rockwell, Jr.