In one of the most important and under-appreciated developments in American politics, then, a longstanding consensus about the role of the Fed has been broken. There was a time when it was almost solely the fringy likes of Paul and his acoltyes who believed the Fed was one of America’s most dangerous institutions. But thanks to the rise of Paul–and of the libertarian, anti-institutional Tea Party he helped to create, today it’s simply mainstream Republican dogma.
Read more: http://swampland.time.com/2011/06/22/the-gop-vs-the-fed/#ixzz1z1KuxeQN
The GOP vs. the Fed | Swampland | TIME.com
