Audit The Fed, Then Abolish It

Politics / Central Banks
Dec 17, 2009 - 02:02 PM
By: Mike_Shedlock

Pawns For The Fed: George Will, Robert J. Samuelson, Bonddad, Time, Others

The Fed is fighting tooth and nail Ron Paul's Audit The Fed proposal. Along the way it has picked up backers in some surprising places.

Without even looking at the bill (or perhaps simply not caring to report the truth), rumors abound that the bill will purposely interfere with the Fed's monetary and interest rate policy.

Please consider Why the "Audit the Fed" Movement Is Dead Wrong by Hale "Bonddad" Stewart. Here is a summary of points Bonddad, followed with my rebuttal. http://www.huffingtonpost.com/hale-stew ... 88438.html

Bondad asks:

“So -- we already have an audit every year. Why do we need another one?â€