"But here in this country, if you happen to want to use silver and gold as legal tender, you go to jail."
"The middle class gets wiped out because the value goes down."
"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."
"It is absurd to have a government agency with this kind of power be the agency immune from such audits."
"The Federal Reserve is hardly a protector of the consumer when it distorts the interest rate that is paid to the savers."
"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 check."
"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."
"Didn't you find out that we are not supposed to do that around here? We don't have that much concern about it."
"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 ..."
"It seems like we in the Congress should have the responsibility for protecting the public interest by knowing more about what you are doing."