Tea Party groups express support for Audit the Fed

The Daily Caller has taken notice of increased support of an audit of the Federal Reserve, like that introduced by Rep. Ron Paul (R-TX), from tea party organizations and promoters:

Though Republican Rep. Ron Paul told The Daily Caller  last week that he was worried that “some people have slipped into the Tea Party who are awfully close to being part of the establishment,” on at least one particular anti-establishment issue close to the Texas congressman’s heart — auditing the Federal Reserve — Tea Party leaders told The DC that they are all for it.
[…]
FreedomWorks vice president of public policy Max Pappas said the PAC has signed onto Paul’s “Audit the Fed” movement as a way to hold the institution accountable.

“A call for an audit of the Fed has been pretty popular,” Pappas told TheDC in a phone interview.

Pappas said news media continually want to label the entire Tea Party movement as a proponent of or a proponent against a particular recommendation, like auditing the Fed, instead of trying to understand the movement is bonded together on core values.

“What brings together the Tea Party movement is general agreement over free markets, fiscal responsibility and constitutionally limited government,” Pappas said. “It [the Tea Party movement] is not a think-tank that produces white papers saying, ‘here’s what needs to be done at X agency or Y agency.’”

HR 1207, the Audit the Fed bill introduced by Rep. Paul, was included in the financial reform package, though it was gutted by Sen. Bernie Sanders (I-VT).

Like Rep. Paul, I have some concerns that more and more tea party organizations are becoming part of the Republican establishment when they should remain independent of political parties and use their influence for grassroots activism and educating voters. Getting behind an issue like this is an encouraging sign.


The views and opinions expressed by individual authors are not necessarily those of other authors, advertisers, developers or editors at United Liberty.