Conservative Criticism
During the 2010 midterm elections, the Tea Party movement made the Federal Reserve a major point of attack, which was picked up by Republican candidates across the country. Mike Lee (R) of Utah accused the reserve of trying to “monetize the debt” by printing money to buy government bonds, which the reserve denied. Unsuccessful Senate candidate Ken Buck (R) of Colorado said that Congress should be "shining a light on the Federal Reserve" because it is too cozy with private interests. Senator Rand Paul (R) of Kentucky, son of Congressman Ron Paul, has long attacked the Federal Reserve, arguing that it is hurting the economy by devaluing the dollar and that its monetary policies cause booms and busts.
Read more about this topic: Criticism Of The Federal Reserve
Famous quotes containing the words conservative and/or criticism:
“The radical invents the views. When he has worn them out the conservative adopts them.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“I am opposed to writing about the private lives of living authors and psychoanalyzing them while they are alive. Criticism is getting all mixed up with a combination of the Junior F.B.I.- men, discards from Freud and Jung and a sort of Columnist peep- hole and missing laundry list school.... Every young English professor sees gold in them dirty sheets now. Imagine what they can do with the soiled sheets of four legal beds by the same writer and you can see why their tongues are slavering.”
—Ernest Hemingway (1899–1961)