Despite rumors that various splinter forces within the Republican party are attempting to block Ron Paul's fateful chairmanship of the Monetary Policy Subcommittee, we now have confirmation that the only sane politician left will now be Ben Bernanke's direct nemesis during any and all future Congressional spectacles starring the printing unchallenged one. And with US debt creeping ever closer to the debt ceiling, coupled with the dollar for dollar monetization of the US deficit, such spectacles will soon be plenty.
Fast forward to 3:30 in the clip for the announcement.
This is good news. Bernanke might just as well pitch a tent in front of Paul's subcommittee's office, and save travel time. In addition to this news, Jim DeMint is refusing to back the Obama/Pubbie tax compromise, as is Bachmann in the House. It might not pass, thanks to the concessions that are built in to it. Let the lines be drawn, and the fight begin.