http://www.randpaul2010.com/issues/federal-reserve
When the Fed lowers interest rates by creating more money, not only does it devalue the money you currently have in your pocket, but it also leads to the boom-bust cycle. The Fed misleads investors into embarking on projects that make no long-term sense. Our current housing bubble was a direct result of the Fed’s decision to keep interest rates artificially lower than the market could sustain. The Fed basically spiked the punch and is now acting surprised that the party got out of hand.
While this explanation for the booms and busts is popular among economists, including Nobel-prize winner F.A. Hayek, few in the mainstream media are willing to question the Fed.
CALL ME CRAZY, but I like the guy. He is a chip off the old block.