Austrian Economics Expert Jeffrey Herbener Calls for Elimination of Fed, Shows Why Ron Paul is Winning

The House of Representative’s Subcommittee on Domestic Monetary Policy is holding a hearing Tuesday morning called “Improving the Federal Reserve System: Examining Legislation to Reform the Fed and Other Alternatives.” There will be two Congressmen and five professors addressing the Committee about the Federal Reserve, but the highlight should be Dr. Jeffrey M. Herbener’s testimony, which was released yesterday. Herbener, a Professor of Economics at Grove City College, makes a brilliant and detailed case against the Federal Reserve and the justifications used to defend central banking, while providing much-needed alternatives.