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Dr. Paul blames Federal Reserve for economy’s woes

January 22nd, 2008

KENNER, La. — Ron Paul, a long-shot Republican presidential contender and Texas congressman, said Monday that the Federal Reserve is to blame for the country’s weakening economy.

Paul highlighted his economic remedies — abolishing the federal income tax and returning to the gold standard, among them — on a three-city tour of Louisiana.

The libertarian-minded Paul was the only candidate to visit Louisiana on the eve of the state’s Republican caucuses on Tuesday. The caucuses are an intermediary step in picking a favorite candidate. A presidential primary will take place on Feb. 9 and a state convention will convene on Feb. 16.

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