Thursday, July 09, 2009

Ron Paul: audit the Fed

I've seen some very surprising recent coverage of Ron Paul's movement to audit the Federal Reserve, via the HR 1207 and S 604 bills. Here's a quick look at what I've found in recent days via Twitter and my fellow bloggers.

Tech Ticker featured an article entitled, "Ron Paul is Right! We Should Audit the Fed", with an accompanying interview clip questioning the constitutional legality of the Federal Reserve bank's ever-growing power and the total lack of transparency in the Fed's operations and in its balance sheet.

Slate's Big Money site highlights Paul's legislation to audit the Fed in, "Ron Paul Strikes Gold". What's interesting about this piece is that it starts off with a tally of Paul-sponsored bills that failed to gain traction, and then shifts its focus to the growing support for HR 1207 and the challenge that Paul's bill represents to President Obama's plan to "make the Fed a super-regulator". Do give this Slate piece a careful read.

Finally, offers up a new set of clips from Judge Andrew Napolitano's "Freedom Watch" program that discusses the grass-roots movement to audit the Fed. Follow the link to watch these clips featuring Ron Paul, Jim Demint, Rand Paul, Peter Schiff, and Tom Woods.

Related articles and posts:

1. The Fed Leviathan grows - Finance Trends.

2. Obama's plan could boost Fed's power - Finance Trends.

3. Murray Rothbard: founding of the Federal Reserve - Finance Trends.