Apr 03 2009
Ron Paul’s campaign to audit the Fed gains ground
In February, Representative Ron Paul introduced H.R. 1207, which would effectively allow for a full audit of the Federal Reserve. As of today, the bill has reached 58 cosponsors and a companion bill, S604, has been introduced in the Senate.
So why is this important?
Essentially, we have absolutely no idea what goes on in the Fed and legally we are kept from finding out. Hence, HR 1207 would open their books for inspection. The Fed controls our money supply, but not even Congress is allowed to know its workings. What rational arguements are there for keeping this secret?
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