Coastal Carolina Taxpayers Association (CCTA)

Congressman Walter Jones is asking for an investigation into whether the Federal Reserve's money printing is driving up prices for commodities, including crude oil and gasoline.
CONTRIBUTIONS BY LYNN BONNER AND ROB CHRISTENSEN

Congressman Walter Jones is asking for an investigation into whether the Federal Reserve's money printing is driving up prices for commodities, including crude oil and gasoline.

The Farmville Republican has sent a letter to U.S. Rep. Ron Paul of Texas, the incoming chairman of the House Domestic Monetary Policy Subcommittee, asking him to look at the connection between the printing of money and rising prices.

"Working people in Eastern North Carolina are being squeezed at the gas pump and the grocery store as they struggle to make ends meet in a world in which their salaries have no chance of keeping up with Mr. Bernanke's printing presses," Jones said. "The Federal Reserve must be held accountable for the damage it is creating."

Ben Bernanke, who grew up in Dillon, S.C., is chairman of the Federal Reserve.

http://www.newsobserver.com/2011/01/16/923137/jones-wants-a-probe-of-us-money.html#ixzz1BDVvOwwP