printSingle-handedly has Rep. Ron Paul familiarized Americans with the Federal Reserve’s handiwork, and the havoc its monetary policy visits on the value of their coin and worldly goods. Three hundred and thirteen congressmen now sponsor Paul’s Audit the Fed Bill!
Mitt Romney worries that auditing the Fed might impede the Counterfeiter-in-Chief’s status as an independent, private institution. I mentioned Romney in a previous post for his knack for epitomizing the oil-and-water relationship the Republican front runners have with first principles. This is an an example. Romney is against an audit, he told Larry King, as he would like the Fed to remain … private. Where does one begin…
Like any public functionary presiding over a run-away bureaucratic tier, the chairman of the Fed, Ben S. Bernanke, is fighting for his fiefdom. In an editorial in the WaPo he fretted (or, rather, dissembled), “that a number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core functions. Amen.
“Mitt Romney worries that auditing the Fed might impede the Counterfeiter-in-Chief’s status as an independent, private institution.” IM
Here is a solution, Mr. Romney: Abolish legal tender laws forcing us to accept Federal Reserve Notes and abolish the FDIC. Make the Fed truly private. It would either straighten up and fly right or be devoured by free market competition.
I enjoyed this clip. Ron Paul was in fine form, and his delivery has certainly improved over the last year or so.
I wonder if Palin will join the 313 Congress members and call for a Fed audit? As each day passes, her neocon credentials grow stronger–where are her instincts for liberty?
BG- agreed Ron is “On-It” in the video
Palin on the Fed
http://blogs.wsj.com/economics/2009/09/23/palin-sounding-like-ron-paul-takes-on-the-fed/
I will take someone who is reading Thomas L. DiLorenzo-Michael D. Tanner-
Thomas Sowell ,over what we have now
http://www.facebook.com/note.php?note_id=114345578434
I like the idea of Ben’s Fed as an “independent PRIVATE institution” – good! – let the FED coin its own money, presumably back by gold from its depositors.
As for Sarah being possibly on the right side of events – that can almost be WORSE than her being with the other “conservatives”. Because she is much more photogenic, etc. than Ron Paul, the media will make her the spokesman for the “End the Fed” movement. She will then reveal her own intellectual shortcomings and damage the pro-liberty side as a result.
Fed Chief Fights For Fiefdom IM
Since fractional reserve banking in a government enforced monopoly money STEALS purchasing power from all money holders, Thiefdom is also accurate.