Ron Paul's Plan to Audit Fed a 'Serious Attack': Mishkin (Front page CNBC)
A congressional plan to audit the Federal Reserve's decision-making process poses a serious threat to the economy, former Fed official Frederic Mishkin said.
In a live interview on CNBC, Mishkin disagreed strongly with a plan being pushed by Rep. Ron Paul, a Texas Republican and leading Fed critic.
"This is I think the most serious attack that I've seen on the Federal Reserve in the many, many years that I've studied it as a scholar," said Mishkin, an economist at Columbia Business School who was affiliated with the Fed in various capacities from 1994-2006. "This is really dangerous stuff."
See the full video of Mishkin's comments here
Paul's plan would require the General Accounting Office to audit Fed decisions within a year of the bill's enactments.
He has said the move would ensure the central bank is being held accountable for its decisions but rejected notions that the audits would compromise Fed independence.
continue here ... http://www.cnbc.com/id/34126788
Worked for the Fed
enough said. Have you notice all those who oppose HR 1207 work, or have worked, or have an association with the Fed. Should that not be a Red flag?
This is only "dangerous"
to those who are allergic to sunlight.
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"Blessed are the peacemakers, they shall be called the children of God." - Matthew 5:9
My liberty-minded home base of thought:
www.ponderthis.net
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Freedom - Peace - Prosperity