Sunday, May 17, 2009

Audit The Fed

Forbes ran an article that was critical of HR 1207, the "audit the fed" bill. Ron Paul's response answers all of the questions the critics have posed. It is time to audit the fed.

From Ron Paul's response:
One of the fallacies of modern economics is the idea that a central bank is required in order to keep inflation low and promote economic growth. In reality, it is the central bank's monetary policy that causes inflation and depresses economic growth.

Read Ron Paul's entire response here Fed Up