[QUOTE="Hot-Tamale"][QUOTE="theone86"]
[QUOTE="Hot-Tamale"]
Hmmmmm, very controversial:
http://www.huffingtonpost.com/2009/08/28/frank-bill-mandating-comp_n_271384.html
Ron Paul may be a whackjob, but I agree that the Fed has been messing things up ever since Greenspan was put in office. We need to go back to the good ol' days, when the Fed actually did its job instead of massively deregulating for the benefit of the corporations. THoughts?
I agree, but I wonder if having Paul do the audit will lead to more regulation. He is, after all, massively opposed to regulation. This just seems like a recipe for disaster to me. As much as I respect Barney Frank, I wonder if he can really do much good here.
Haha, well, when you think about it, auditing the Fed IS regulating an economic entity, something that Ron Paul is vehemently against (even if the Fed's job is to control the money supply; if Paul gets his way we'll be back to the Gilded Age with a gold standard and everything. Hell-o Great Depression 2.0). It's more about the constitutionality of the Federal Reserve considering it's a privately owned bank. Also, it's been responsible for the Great Depression and other recessions in the past. Plus, our dollar is losing much of its value and what's wrong with the gold standard? It's much more reliable than relying on the confidence of the consumer. 
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