More power for the Fed

Campaign for Liberty
by US Rep. Ron Paul (R-TX)

07/09/10

Any legitimate objections to the audit proposal were addressed in the language of the motion to recommit. Thus, it is clear that the real reasons for opposing it are unstated and indefensible. The real reasons are that politicians like to spend money far exceeding income and it is convenient to have an enabler of this in the Federal Reserve. The easier it is for the Fed to create money, hidden from public view and accountability, the easier it is for politicians to spend that money and make sure their friends and interests are taken care of through shady political processes. The broader reasons for supporting this entire financial regulatory reform bill are just as sinister...

http://www.campaignforliberty.com/article.php?view=1001


Informant: Thomas L. Knapp



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