Ron Paul's Golden Rule (Forbes Mag Interview)Submitted by bobbyw24 on Fri, 01/08/2010 - 09:20
by Alexandra Zendrian,
01.08.10 | Forbes
Congressman Ron Paul of Texas will be Steve Forbes' guest Monday on Intelligent Investing discussing his new book End The Fed and his attempt, with Congressman Alan Grayson, to secure the right of the Government Accountability Office to audit the Federal Reserve.
Forbes: Why do you think the Federal Reserve needs to be audited?
Dr. Ron Paul: For lots of reasons. I don't believe in secrecy. I don't think anyone should have so much power that they can create money out of thin air and spend it and interfere in the markets and do central economic planning without any oversight. Congress has a responsibility to know what they're doing because they created the Fed, they're very, very important, and people benefit from their actions. And I'd like to know who benefits and who suffers the consequence. I just think that it would be in the interest of the people to know exactly what the Fed is doing.
Why don't we know what's going on with the Fed?