Rand Paul actually said...

The systematic destruction of the value of our money has not helped our consumers; our consumers are destroyed by the loss of their purchasing power.

Ron Paul criticizes the Federal Reserve's impact on consumer purchasing power.

07/15/2009

More Rand Paul Quotes

But when you prop-up policies that are bad, ultimately the consumer is hurt by these regulations because the market doesn't hold them in che...

I am concerned about the history of regulation. We don't have a real good record that regulations prevent problems.

Thank you, Mr. Chairman. I want to thank you for holding these hearings because I think they are very important.

The Federal Reserve is hardly a protector of the consumer when it distorts the interest rate that is paid to the savers.