Progressives Should Audit the Fed

"Progressives" always call for more regulation of the free market, and the current crisis is no different.

Yet, for nearly a century, the Federal Reserve System has escaped the Progressive regulatory impulse. Progressives decline to subject Federal Reserve policy to even an audit. Libertarian Congressman Ron Paul observes, "Congress, although not by law, essentially has given up all its oversight responsibility over the Federal Reserve."

The Fed enables "Progressives" (all politicians except Ron Paul) to finance their nefarious programs, so they don't want to interfere with the goose which lays the fiat dollars.