Rep. Ron Paul (R-Texas) is going to get his congressionalhearing on Federal Reserve reform, with a little help from hisfriends in the House.

The Financial Services Subcommittee on Domestic Monetary Policyand Technology, which Paul chairs, will hold a hearing Tuesdaymorning to examine six legislative proposals that either reform orabolish the Federal Reserve System.

The six bills are sponsored by a bi-partisan cast of charactersthat include Paul, Rep. Dennis Kucinich (D-Ohio), Rep. Barney Frank(D-Mass.), Rep. Mike Pence (R-Ind.), Rep. Marcy Kaptur (D-Ohio) andRep. Kevin Brady (R-Texas).

“More and more people are beginning to understand just howdestructive the Federal Reserve's monetary policy has been. Ihope that this hearing will kick start a serious discussion on theneed to rein in the Fed,” Paul said.

“One hundred years is far too long for Congress to have taken ahands-off approach,” the congressman and presidential candidatesaid. “The Fed continues to reward Wall Street banks whiledestroying the dollar's purchasing power and driving up the cost ofliving for average Americans. This reckless behavior mustcome to an end.”

Calls for reforming various aspects of the Federal ReserveSystem have existed since its creation in 1913. However, thefinancial crisis of 2008-2009 and publicity from Paul has escalatedcalls for reform.

The Federal Reserve responded to the financial crisis withunconventional monetary easing, leading some to claim it attemptedto do too much to stimulate economic growth, and set the stage forsustained inflation when the economy recovers.

Slow economic growth, however, has led others to argue theFederal Reserve has not done enough and must be more accommodativein its conduct of monetary policy.