Rand Paul

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…

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.

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

But the idea of using the term nationalization to justify bailing out bondholders seems counterintuitive and probably a mistake.

As to nationalization, it seems like the ghost of Eugene Debs is amongst us.

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

Now we are suffering the consequences because it is a failed policy, and it is not working at all.

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?

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

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

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.

It is the power and the authority that gravitates to the hands of a small group of people who can create money out of thin air.

If Congress ever wants to know what is going on, we have to change the U.S. Code.

I want to thank you for calling this hearing because the issue of transparency of the Federal Reserve System is something that is of crucial value to us.

The Federal Reserve is responsible.

In addition the NICS Improvement Amendments Act illustrates how laws creating new infringements on liberty often also impose large financial burdens on taxpayers. In just its first three years of operation, the bill authorizes new yearly…

I am going to yield 3 minutes to Mr. Rahall, but first I would ask how much time I have left after I yield the 3 minutes. The SPEAKER pro tempore (Mr. Campbell of California). The gentleman from Texas has 25\1/2\ minutes remaining.

I just want to say that if the gentleman from Georgia does not want another huge bureaucracy, he must support my amendment, because that is what he is going to get. It has already been funded. Even though there is pretense that there is a…

This bill authorizes strong sanctions as well as funding to dissident groups inside Iraq to overthrow that government. In my interpretation that is the use of force, and I yield 6\1/2\ minutes to the gentleman from Ohio.

That is correct, there is no money specified for this. But on previous legislation, the authority exists for us to be involved in mental health. The particular bill's mental health services, it is on the books. The legislative authority is…

Once again, I want to make the point about the inconsistency of our policy. In 1979, the Taiwan Relations Act was put in place mainly because we orchestrated getting them kicked out of the U.N., so we had to do something, so we passed this…

I happen to believe that we have ignored for too long in this country and in this body the foreign policy that was designed by our Founders, a foreign policy of nonintervention. I think it is better for us. I think it is healthy in all…

This amendment is to urge the President not to use any funds for the International Criminal Court. I would like it to be a mandate. It is not, but it is still very, very important. I think this sends a message to our servicemen that they…