Detailed text transcripts for TV channel - CNN - 20101214:23:30:00 : vimarsana.com

>> that was back in 2008 when ron paul was running for president. the libertarian texas congressman has long been a critic of the federal reserve, but come january, he will head the house committee that overseas the fed reserve which worries the house chairman allan blinder. >> well, it is scary, because it is how much you want to take him at his word. he has written a famous book called "end the fed" and that is meant to end the fed and go back to the gold standard which is a frightening prospect. >>er in the book, paul writes that the federal reserve system must be challenge and ultimately, it needs to be eliminated the government cannot and should not be trusted with a monopoly on money. paul says that the criticism of the fed gained credibility after the financial crisis and skepticism has spread after the federal reserve's move to purchase $600 million of treasury bond in an attempt to

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