Summary: Rep. Ron Paul chaired a House Financial Services Subcommittee hearing on six legislative proposals that either reform or suggest abolishing the Federal Reserve System. Witnesses included economic scholars and analysts along with three Congressmen that currently sponsor bills on the issue. Tuesday's hearing included two separate panels, both of which are included in this single download. Representative Kevin Brady (R-TX) and Representative Barney Frank (D-MA) were the witnesses for the first panel. The witnesses on the second subcommittee panel included: Dr. Jeffrey M. Herbener (Chairman, Economics Department, Grove City College), Dr. Peter G. Klein (Associate Professor, University of Missouri), Dr. John B. Taylor (Professor of Economics, Stanford University and Senior Fellow in Economics, Hoover Institution), Dr. James K. Galbraith (Lloyd M. Bentsen, Jr. Chair in Government/Business Relations, University of Texas at Austin), Dr. Alice Rivlin (Senior Fellow, Economic Studies, Brookings Institution, and former Vice Chair, Federal Reserve Board of Governors). Video coverage of the first panel was also provided by C-Span.
