Earlier today, Congressman Paul appeared on MSNBC to discuss his efforts to Audit the Fed (hearing tomorrow!) and the need for transparency.
Instead of hurting the market, transparency would strengthen it by giving investors and other participants a more full picture on the best places to put their money. Regardless of the economic reasons for an Audit, though, it is a moral imperative that we hold them accountable for how they are spending our money and for the deals to which they are committing both us and future generations.
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