Who's Afraid of Ron Paul?

Reporting on Politics and Policy.
Dec. 13 2010 8:03 AM

Who's Afraid of Ron Paul?

If you missed it on Friday, I have a piece up about Ron Paul's new chairmanship of the House subcommittee on Monetary Policy. It's the only committee fight that the Tea Party won, generally speaking, and it seems on the surface like a big libertarian win, but libertarians are of two minds about it. One of the libertarian economists I talked to, Cato's Mark Calabria, has responded with some disappointment that I didn't mention some of his optimism about Paul in the story.

Paul will ultimately be good for monetary policy because he will actually bring some oversight to the Fed, which has been sorely lacking.  Under the current Democrat Chair Mel Watt, this subcommittee has held a total of five hearings all Congress, and none of them were actually on monetary policy.  Two of these hearings weren’t even on areas under the jurisdiction of the Federal Reserve.  Republicans have not done much better when they were previously in charge.

Advertisement

I should have quoted Calabria in full -- he made this point about the relative focus of the committee under Democrats and Republicans when we talked -- but his take informed the rest of my argument, that even Paul critics think that if he staffs the committee well and turns it on to his issues, it'll be a success.

David Weigel, a former Slate politics reporter, is a reporter for Bloomberg Politics

TODAY IN SLATE

Politics

Meet the New Bosses

How the Republicans would run the Senate.

It Is Very, Very Stupid to Compare Hope Solo to Ray Rice

The U.S. Is So, So Far Behind Europe on Clean Energy

Even if You Don’t Like Batman, You Might Like Gotham

Friends Was the Last Purely Pleasurable Sitcom

The Eye

This Whimsical Driverless Car Imagines Transportation in 2059

Medical Examiner

Did America Get Fat by Drinking Diet Soda?  

A high-profile study points the finger at artificial sweeteners.

A Woman Who Escaped the Extreme Babymaking Christian Fundamentalism of Quiverfull

Nicolas Sarkozy, Thrice Married, Says Gay Marriage Humiliates the Family

  News & Politics
Over There
Sept. 22 2014 1:29 PM “That’s Called Jim Crow” Philip Gourevitch on America’s hypocritical interventions in Africa.
  Business
Moneybox
Sept. 22 2014 1:37 PM Subprime Loans Are Back! And believe it or not, that’s a good thing.
  Life
Outward
Sept. 22 2014 4:45 PM Why Can’t the Census Count Gay Couples Accurately?
  Double X
Doublex
Sept. 22 2014 4:06 PM No, Women’s Soccer Does Not Have a Domestic Violence Problem Or, why it is very, very stupid to compare Hope Solo to Ray Rice.
  Slate Plus
Slate Plus
Sept. 22 2014 1:52 PM Tell Us What You Think About Slate Plus Help us improve our new membership program.
  Arts
Brow Beat
Sept. 22 2014 3:16 PM Watch the Best Part of Beyoncé and Jay Z’s On the Run Tour
  Technology
Future Tense
Sept. 22 2014 12:14 PM Family Court Rules That You Can Serve Someone With Legal Papers Over Facebook
  Health & Science
Medical Examiner
Sept. 22 2014 4:34 PM Here’s Where We Stand With Ebola Even experienced international disaster responders are shocked at how bad it’s gotten.
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.