But here at TPM we remember him for another proud moment: the day thirteen years ago when he slandered a teenaged sex slave into the House record on behalf of then-lobbyist Jack Abramoff. "[S]he wanted to do nude dancing," said Hall of the fifteen-year-old girl who was taken from her parents in the Phillippines and forced to perform sex acts on stage and before video cameras at a Northern Marianas sex club.
What will he do with it? And what might this mean for the Fed? I talked to Paul about this last week, and he made two things abundantly clear. One, which was the subject of my column, was that he might use his chairmanship to advance the broader Republican effort to attack the Fed's latest round of quantitative easing--with bond yield soaring, that could further hamper recovery efforts.
But what Paul seemed even more eager to tackle was investigating the "business cycle" and questioning the fundamental need for the central bank (actually, it's not a question for Paul--he'd like to get rid of it). That is to say, he plans to use his subcommittee to bring an Austrian perspective to national affairs.
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