The Hill: Rand Paul Fires Back at ‘Audit the Fed’ Critics

On February 5, The Hill reported on criticism of Senator Rand Paul’s Audit the Fed bill. In response, Sen. Paul was quoted as saying, “Citizens have the right to know why the Fed’s policies have resulted in a stagnant economy and record numbers of people dropping out of the workforce.” You can read the full story here.

Elizabeth Warren’s Faux Populism

Elizabeth Warren wants to incarcerate banking executives.  She wants to insure former Wall Street executives don’t attain high government positions (recently claiming the scalp of Antonio Weiss).  Most of all she wants to prevent the repeal of any part of the Dodd-Frank regulatory monstrosity. Senator Warren is correctly discerning the public’s economic discontent:  survey show large majorities of all parties believe the current economy favors the already-rich over the middle class, and even a majority of Democrats believe the economic policies of the U.S government are rigged against hard working middle class families. Senator Warren’s indignation is meant to pander

Fed Reserve Empire Strikes Back at Rand Paul

In an orchestrated orgy of protests, Fed governors and regional bank presidents have roasted Sen. Rand Paul and his co-sponsors for reintroducing a bill mandating an audit of the Fed. Loretta Mester, president of the Cleveland Fed, wants us to know that such a thought is “misguided.” Why? “They really are about allowing political considerations to influence monetary policy decisions,” she said in a speech in Columbus. “This would be a tremendous mistake, because it would ultimately lead to poorer economic performance.” What performance? Presumably the Fed wants a pat on the back for the zero-interest-rate policy of the last

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