Inside the Sausage Factory
"I have for years sensed a total disinterest in monetary policy by members of Congress as well as members of the Financial Services Committee..."What the Fed and paper money have done for Congress is lead legislators to believe that there are no limits on what they can spend, on what they can propose, and what they can accomplish. They really do behave like college students on spring break who are using their parents' credit cards with no limit. They don't think about the money. They don't think about who or what is paying the bills. The ability to do what they want is just taken for granted. They aren't even interested in looking into the accounting books. But they would hit the roof if the card were ever declined."
"[After a Republican primary debate in 2007,] I was able to speak to more than 4,000 students in the quad at Ann Arbor...When I mentioned monetary policy, the kids started cheering. Then a small group chanted, 'End the Fed! End the Fed!' The whole crowd took up the call. Many held up burning Dollar bills, as if to say to the central bank, you have done enough damage to the American people, our future, and to the world: your time is up."
"Henry Reuss, chairman of the House Banking Committee, attended one meeting and left in a rage. He couldn't stand one minute of serious consideration of the importance of gold."