Rand Paul got to question Treasury Secretary Geithner at a hearing today. Senator Paul does a great job of working in some Austrian Theory on interest rates and grilling Geithner on why interest rates are not left up to the markets. Too bad he only had 5 minutes.
Rand is arguing for less tax loopholes. I have to say "yuck". There's a lot to like about Rand, but he's not his Dad.
ReplyDeleteWould you comment on the Fed's supposed lack of control of long rates?
ReplyDeleteI knew it would come down to Geithner saying that low interest rates were a consequence of a savings glut. Too bad Rand Paul didn't counter it.
ReplyDeleteBest thing would be to ask Geithner to "prove it".
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