Tags: ron paul | fed | powerful

Ron Paul: Fed Is Too Powerful, Fueling Recession

Tuesday, 08 January 2019 01:43 PM

Two-time GOP presidential candidate Ron Paul said the Federal Reserve is far too powerful and blames the central bank for creating the conditions for what he says is a coming U.S. economic recession.

Paul has been a longtime critic of the Fed, blamed the central bank's easy money policies since the 2008 financial crisis.

The Newsmax Insider belongs to the Libertarian Party, a faction that emphasizes constrained government spending. He sees federal spending and monetary policy as dual forces inflating a market bubble.

"The Federal Reserve is way too powerful.They are the epitome of what central planning is all about and we don't like central economic planning," the former Republican congressman from Texas told CNBC.  

"We know the recession is coming because of what the Fed has done over the past 10 years. You can't stop the recession. You can manipulate it and change it and delay it and make it last longer but it's there. And it's starting to show signs,” he said.

Paul also said the partial government shutdown is not too significant "in the grand scheme of things" just "another thing that can stir up trouble and people react to it."

He also said President Donald Trump doesn't need a wall to stop undocumented immigration.

Instead, he should remove incentives for coming to America, argues Paul. "I don't like walls," Paul added. "I don't want to wall people in and wall people out."

Ron Paul is a physician, author, and former Republican congressman. Paul also is a two-time Republican presidential candidate, and the presidential nominee of the Libertarian Party in the 1988 U.S. presidential election. His latest book is “Swords into Plowshares." For more of Ron Paul's reports, Go Here Now.

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Two-time GOP presidential candidate Ron Paul said the Federal Reserve is far too powerful and blames the central bank for all the recent market hysteria.
ron paul, fed, powerful
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2019-43-08
Tuesday, 08 January 2019 01:43 PM
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