Audit the Fed, Then End It!

To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have. They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability. Thus the loudest arguments against greater transparency are likely to come from those friends, and understandably so.

Ron Paul has legislation, HR1207, in Congress which would require audits of the Federal Reserve System. It is gaining supporters and it is probably causing some heartburn for its corrupt and powerful opponents. Paul's efforts to change the government from within the government are admirable and we laud his perseverance. However, we are of the opinion that this Leviathan cannot be tamed from within without much more dissent from the populace.