By Matt Hawes
Dr. Paul discusses Senator Chris Dodd’s financial regulatory “reform” proposal in this recent interview:
Dodd wants financial stability to now be an explicit function of the Fed. What do you think the outcome of that would be?
Financial stability? Well you need a stable dollar to have that. You can’t allow somebody to double the money supply in one year and have the financial community wondering: when is he gonna take that off the balance sheet? You don’t get stability that way. It’s impossible….