House Hearing on Fed, Monetary Commission In Progress

House Monetary Policy Subcommittee hearing in progress (photo credit: Ralph Benko)
House Monetary Policy Subcommittee hearing in progress (photo credit: Ralph Benko)

Stop the presses!

APIA senior advisor, economics, Ralph Benko, and APIA’s Nick Arnold are attending a standing room only hearing of the House Monetary Policy Subcommittee this morning in the Rayburn House Office Building.

Stanford University economist Dr. John Taylor and AEI economist Dr. Paul Kupiec praised the proposed Brady-Cornyn Monetary Commission in their testimony.  Brookings’ economist Dr. Donald Kohn criticized it.

Republican members who spoke at the hearing so far seem favorably disposed to the Commission. Democratic members seem extremely hostile.

Full Committee Chairman Jeb Hensarling is sitting in, listening intently.

Ralph Benko, internationally published weekly columnist, co-author of The 21st Century Gold Standard, lead co-editor of the Gerald Malsbary translation from Latin to English of Copernicus’s Essay on Money, is American Principles in Action’s Senior Advisor, Economics.