I was there.
For an exclusive story I wrote on this go here.
The lead is below:
Washington (GoinsReport.com) – When asked whether he agreed with GOP presidential candidate Herman Cain on his suggestion that Federal Reserve should go back to a single mandate focusing on price stability, GOP Presidential Candidate Ron Paul said that he “hardly” agrees.
Price stability refers to the concept that prices levels are constant enough that people won’t take into account price inflation when making decisions as a consumer – not that the value of the dollar will remain the same.
On numerous occasions this year, including at the CNN-Tea Party Republican debate in September and during a press conference with reporters at TeaCon 2011, Herman Cain said that he did not want to end the FED but return it to a single mandate where the central bank allegedly only focused on price stability.