Rand Paul

They don't want to make it a political football.

We need to end the bailouts in which the Fed has been instrumental, I think, in carrying out over the last 18 months.

We just want to know what is going on and why and the discussions.

So transparency, how can you be against transparency? But I believe the Congress would be more effective in its oversight of the Federal Reserve if it concentrated much more on outcomes and much less on process.

I am a believer that interest rates, like prices, should be set by the marketplace.

Some people seem to be asserting that our citizens are incapable of managing their own risk...

To functionally create a commission of consumer punishment, not consumer protection, this is an original idea, it is an originally bad idea.

I do not believe that we should pass any legislation that would de-incentivize States and localities from reigning in their bloated budgets.

I am not sure why we need to pass a bill giving the Fed even more power that it already has.

Interventionism and inflationism fail because we don't have a free market pricing system of money.

I am not very optimistic that we can solve our problems with more spending and more borrowing and more inflation.

To me there is a lot of inflation out there. It is already inflated. We are in the midst of inflation.

Socialism always fails because they don't have a pricing structure.

This has been the prediction of the free market economists, and yet we continue down this path of socializing our entire economy.

I find it awfully frustrating at times when we always talk about inflation and we only talk about prices.

We are now back facing the G20 meeting coming up where, once again, the proposition is going to be put on the table by Europeans, of all people, that we ought to be more serious about transparency and regulation of shadow markets on a…

When the government tries to manage and run these large corporations, no one wins.

Angela Merkel, the Chancellor of Germany, came to Hank Paulson in 2007 and suggested that perhaps we ought to have more regulation of hedge funds.

If increasing the supply of money and credit and low interest rates were a panacea, we should have seen some results.

What will it take for you to say to yourself, could I be wrong?

This whole idea that we can recapitalize markets by merely turning on the printing presses and increasing credit is a total fallacy.

We have to come to the realization that there is a sea change in what is happening, this is an end of an era, and that we can't reinflate the bubble.

I am telling you, Congressman, I don't believe we will have an inflation problem in terms of consumer prices.

What do we do now? We are telling consumers to spend and continue the old process. It won't work.

I maintain that capital can only come from hard work and savings, and I think that is an important distinction.