Audit the Fed sponsor Senator Rand Paul (R-KY) has an op-ed in Breitbart about why we should pass Audit the Fed legislation. Paul writes:
Sen. Bernie Sanders (I-VT) and I don’t agree on much, but I thought he did a great job of describing the Fed and the bank bailouts as: “A clear case of socialism for the rich and rugged, you’re on your own individualism for everyone else.”
Some say the Fed is already audited.
Well, when the auditor came to Congress, she was asked the identity of the debt bought by the Fed. She didn’t know.
When pressed on the case she responded, “We do not have the jurisdiction to directly go and audit reserve bank activities.”
Tags: Audit the Fed, Rand Paul, Federal Reserve