I think a good compromise is to keep the language that removes the half dozen audit exemptions but remove the language about policy and administration.
Gal just wants a pulpit which his master can rail against Yellen and the fed. He just fails to understand that when Rand moves on the pulpit stays and we can guess who will step up. They are already all over the Dodd-Frank panel of that same legislature.
I mean, everybody is en led to their opinion, and the Fed is certainly not a perfect organization, but I've yet to hear a cogent argument for Fed reform that doesn't involve some sort of political takeover of the printing press...
If anything, there's very, very little questionable about the Fed history and track record so far. Right now reform looks like a solution looking for a problem.
There is a tradition in the American south to be anti-fed. It goes back to Hamilton and Jefferson. To many like Gal here it is ideological. He has no idea about the particulars nor does he really want to.
Rand Paul Responds to Politico ‘Hit Piece’ Criticizing His Position on the Fed (AUDIO)
LISTEN TO AUDIO HERE:Kentucky Sen. Rand Paul (R) appeared on Glenn Beck’s radio program Thursday to respond to what Beck called a “hit piece” in Politico criticizing the senator’s push to audit the Federal Reserve.
“They bring up a lot of points that somebody like me looks at and says, ‘Well, gee, that kind of makes sense. What’s Rand talking about?’ So let’s go over these point by point,” Beck told the senator. “The article says the [Federal Reserve's] finances are already subject to an audit by the GAO, the Government Accountability Office, the Federal Inspector General and outside audit firms.”
Paul suggested Beck watch a “really great exchange” where a congressman asked the Federal Reserve auditor during a committee hearing what was purchased with around $2 trillion. The auditor said they were “not allowed” to audit Federal Reserve bank activities.
http://www.theblaze.com/stories/2015...on-on-the-fed/
Gal cannot even come up with his own refutations. BTW the article you have been railing against here is from the New Republic.
The New Republic was bought out by a larger corporation several years ago.
You and turtle boy contributed equally to the subject.
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