Wednesday, May 12, 2010

Anti-Ron Paul update

Not long ago, Ron Paul was denying that auditing the Fed would mean "interference in or dictation of monetary policy by Congress or the GAO."

Now he's complaining that current legislation does not allow "a full and ongoing audit of all of the Federal Reserve's lending and monetary policy activity."

What's the point of Congress auditing monetary policy if not to affect it, and what plausible effect could this have other than to make it more inflationary?

More on Ron Paul and monetary policy: here and here.

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