END THE FED RALLY IN PHILADELPHIA
- Location
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City Hall
Philadelphia, PA 19107
How to find us
"WEST SIDE, ACROSS FROM THE ClOTHSPIN Look for C4L signs and other members"
- Estimated attendance
-
250 people attended.
Who organized?
David Palmieri
Ron Paul addresses Congress
Date: 2/25/2008
Ron Paul: Mr. Speaker, the Federal Reserve is the culprit. It has delivered this crisis to us. The Federal Reserve’s low interest policy is a big mistake; it is not a panacea. Artificially low interest rates are achieved by inflating the money supply. Low interest rates penalize the thrifty, and those who save are cheated. It promotes consumption and borrowing over savings and investing. Manipulating interest rates is an immoral act; it is economically destructive. The policy of artificially low interest rates caused our problems and therefore cannot be the solution.
Help us promote and support HR 1207 IH: Federal Reserve Transparency Act of 2009
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