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Ted Cruz on The Federal Reserve
12 Point Plan
In July of 2011, SG Cruz issued a 12 point plan to address the economy. One facet of that plan was to support Congressman Paul's plan to audit the Federal Reserve.
10) Rein in the Fed and Ensure Sound Money. Congress should pass Rep. Ron Paul’s bill to audit the Federal Reserve—so that it is subject to basic principles of accountability and transparency. We then should restrain the Fed’s “quantitative easing”—a fancy term for printing money—so that our currency isn’t further debased. Since 2008, gold has skyrocketed and the value of the dollar has plummeted creating a cruel tax on every consumer, saver, and investor. For long-term growth, we need sound money and a strong dollar.