The Economist and Ron Paul on Auditing/Abolishing the Fed


Ron Paul speaks with The Economist about his "antipathy toward the Fed," his self-education in Austrian economics, his 2008 Presidential campaign, the Brüno run-in, the political prospects for a Fed abolition proposal (terrible), and his "devotion to gold."

In the background: Dr. No's bill to allow Congress to audit the Fed (which now has more than 250 co-sponsors). The Economist interviewer calls the bill "potentially quite dangerous" because it "weakens the Fed's political independence." Listen to it yourself:

Via The American Conservative's "Post Right" blog.

Two weeks ago, Reason's Tim Cavanaugh blogged the death-by-procedure of a Senate-side proposal to audit the Fed.