Why we need to Audit the Fed

Federal Reserve

During his time in Congress, Ron Paul (R-TX) brought the idea of auditing the Federal Reserve into the mainstream. Not only was the Audit the Fed bill passed by the House last year, some of the candidates seeking the Republican presidential nomination adopted the idea from Dr. Paul.

Though Paul may have retired, the legislation requiring an audit of the Federal Reserve has been reintroduced in both chambers for the current Congress — by Rep. Paul Broun (R-GA) in the House and Sen. Rand Paul (R-KY) in the Senate.

While some may question the need to audit the Federal Reserve, a new video from FreedomWorks featuring Julie Borowski explains the rational behind the legislation and notes that Senate Majority Leader Harry Reid (D-NV), who once introduced similar legislation, is the biggest obstacle to a vote in the upper chamber:

 

 


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