Fed critic to take reins of House oversight panel

Ron Paul, a well known libertarian politician, has been chosen by House Republicans to lead the panel that oversees the actions of the Federal Reserve. As someone who has very strong and opinionated views on the mere existence of the Fed and overall monetary policy, this appointment has far reaching consequences. With many of Ron Paul's personal beliefs involving the dismantling of numerous government institutions, his libertarian outlook may change the ability of the Fed to conduct monetary policy. Ron Paul has previously written a book called "End the Fed" and is also an advocate of the gold standard. Whether or not this is indicative of a trend against the autonomy of financial institutions remains to be seen.