Former Dallas Fed Chief
Calls for


Amazing - but true. Bob McTeer, the president of the Dallas Federal Reserve Bank, has published a research letter on the Dallas Fed's web site openly calling for 'honest money' policies.

Support Ron Paul's two Honest Money Bills. See details below
The US Fed is not exactly known for its restraint in the exercise of its money creation power monopoly. To have a rather powerful regional Fed Chief make such a call is nothing short of astounding - and revealing as well.

Quite possibly, those who view GOP presidential candidate Ron Paul's thirty year-long call for the same thing as somehow "quaint" or mildly "quixotic" should ponder the implications of this.

It would also be a good idea to actually read McTeer's admonishments to that effect. Some people just seem to have more faith in official pronouncements rather than their own conclusions based on evidence. For the rest of us, it's always nice to see hihgly placed officials confirm the correctness of what we have been talking about for so long. Read Rediscovering the Value of Honest Money.

On the other hand, it may behoove the reader well to read more about McTeer. He is apparently not afraid of glittering inconsistencies. He has a reputation for arguing that inflation is not really the problem in the economy - something that directly contradicts his position in hte research paper linked to above. See, The Fed's Lone Star Loner

Go figure.

Support Ron Paul's Two Honest Money Bills Now Before Congress! is the premier organizational effort for mobilizing the political grass roots of America in order to "lean" on Congress until our US Representatives and Senators start doing what the Constitution demands - and stop doing what it gives no legal authority for (and what it downright prohibits!)

What we need to understand is that these men and women who will say and do anything to get our votes and then betray us are operating outside the law. The Constitution is the supreme law of the land, so to the extent that they ignore and counteract their constitutional mandate, they are noting more than lawbreakers.

DownsizeDC has begun an initiative to force Congress to act on Ron Paul's two Honest Money Bills: H.R. 2756, the Honest Money Act, and H.R. 4683, the Free Competition in Currency Act.

Naturally, his fellow representatives are doing everything they can to avoid even bringing these bills up in committee, and if they do come up, to let them fall under the table as quickly as possible.

We will just have to make clear to them that we no longer tolerate that kind of nonsense, and that we did not send them to Congress to sell us out. Without Honest Money, there can be no stable, prosperous economy. Without Honest Money, all "prosperity" we think we experience is nothing but a fleeting illusion that drives us further into indebtedness to our financial overlords.