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 conservative assumes sickness as a necessity, and his social frame is a hospital, his total legislation is for the present distress, a universe in slippers and flannels, with bib and papspoon, swallowing pills and herb-tea.”
—Ralph Waldo Emerson (1803–1882)
“I consider criticism merely a preliminary excitement, a statement of things a writer has to clear up in his own head sometime or other, probably antecedent to writing; of no value unless it come to fruit in the created work later.”
—Ezra Pound (1885–1972)