The Federal Reserve System: Mend It Or End It?
What: U.S. House of Representatives Domestic Monetary Policy and Technology Subcommittee Hearing "The Federal Reserve System: Mend It or End It?"
When-Where: Tuesday, May 8, 2012 10:00 a.m. Room 2128 Rayburn House Office Building, Washington D.C.

Hearing Overview:
The hearing will examine a number of legislative proposals to reform, replace, or abolish the Federal Reserve System. "More and more people are beginning to understand just how destructive the Federal Reserve's monetary policy has been," said Chairman Paul. "I hope that this hearing will kickstart a serious discussion on the need to rein in the Fed. 100 years is far too long for Congress to have taken a hands-off approach," Paul continued. "The Fed continues to reward Wall Street banks while destroying the dollar's purchasing power and driving up the cost of living for average Americans. This reckless behavior must come to an end."

Committee Chairman: Congressman Ron Paul (R-TX)

Witnesses:
Panel I
· Representative Kevin Brady (R-TX)
· Representative Barney Frank (D-MA)
Panel II
· Dr. Jeffrey M. Herbener, Chairman, Economics Department, Grove City College
· Dr. Peter G. Klein, Associate Professor, Applied Social Sciences and Director, McQuinn Center for Entrepreneurial Leadership, University of Missouri
· Dr. John B. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University and George P. Schultz Senior Fellow in Economics, Hoover Institution
· Dr. Alice Rivlin, Senior Fellow, Economic Studies, Brookings Institution, and former Vice Chair, Federal Reserve Board of Governors
· Dr. James K. Galbraith, Lloyd M. Bentsen, Jr. Chair in Government/Business Relations, LBJ School of Public Affairs, University of Texas at Austin

Hearing Video Part 1: (1 Hour 8 mins.)
www.youtube.com/watch?v=V3EkmeQw_KI&list=UUTDBBcNcuVZ...

Hearing Video Part 2: (1 Hour 12 mins.)
www.youtube.com/watch?v=f0ZkErR8UfM&list=UUTDBBcNcuVZ...

Hearing Testimony:
Dr. Jeffrey M. Herbner
financialservices.house.gov/UploadedFiles/HHRG-112-BA19-W...
Dr. Peter G. Klein
financialservices.house.gov/UploadedFiles/HHRG-112-BA19-W...
Dr. John B. Taylor
financialservices.house.gov/UploadedFiles/HHRG-112-BA19-W...
Dr. Alice Rivlin
financialservices.house.gov/UploadedFiles/HHRG-112-BA19-W...
Dr. John K. Galbraith
financialservices.house.gov/UploadedFiles/HHRG-112-BA19-W...

Related Articles-Links:
www.marketwatch.com/story/ron-paul-taking-end-fed-bill-be...
Ron Paul Taking End-Fed Bill Before Panel
www.paul.house.gov/index.php?option=com_content&task=...
Paul Subcommittee to Tackle Federal Reserve Reform
www.zerohedge.com/contributed/2012-18-05/ron-paul-slugs-f...
Ron Paul Slugs At The Fed One More Time

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