HR 1207 in the US Congress is Ron Paul’s ‘Audit the Fed’ initiative that has had conservatives, libertarians, and many other groups buzzing for a few months now.
The Fed is a private organization – which the supporters of the Audit the Fed initiative are among the first to point out. This private organization has been granted vast powers and basically dictates US monetary policy.
I agree that the Fed shouldn’t have these powers, that isn’t where Dr. Paul is wrong.
[So where is Dr. Paul wrong?
