http://libertymaven.com/2009/11/24/poison-pills-and-ron-paul-fed-audit-thrills/8142/ For Liberty, One Individual At A Time Thu, 11 Mar 2010 21:47:40 -0500 http://wordpress.org/?v=2.9.2 hourly 1 http://libertymaven.com/2009/11/24/poison-pills-and-ron-paul-fed-audit-thrills/8142/comment-page-1/#comment-5040 berferd Wed, 25 Nov 2009 22:59:47 +0000 http://libertymaven.com/?p=8142#comment-5040 Mishkin and other objectors have set up a red-herring argument that an expanded audit would compromise the FOMC's decision-making. That is a distraction from the real purpose. The Paul bill is NOT about the FOMC and how it sets its stated target for the overnight funds rate. The bill's main purpose is to see the Fed's balance-sheet transactions -- how much, with whom, under what terms. Everyone at the Fed knows that and appears to be terrified, so terrified that they will actually just plain lie about the bill's focus. Mishkin and other objectors have set up a red-herring argument that an expanded audit would compromise the FOMC's decision-making. That is a distraction from the real purpose. The Paul bill is NOT about the FOMC and how it sets its stated target for the overnight funds rate. The bill's main purpose is to see the Fed's balance-sheet transactions — how much, with whom, under what terms. Everyone at the Fed knows that and appears to be terrified, so terrified that they will actually just plain lie about the bill's focus.

]]> http://libertymaven.com/2009/11/24/poison-pills-and-ron-paul-fed-audit-thrills/8142/comment-page-1/#comment-5041 berferd Wed, 25 Nov 2009 22:59:47 +0000 http://libertymaven.com/?p=8142#comment-5041 Mishkin and other objectors have set up a red-herring argument that an expanded audit would compromise the FOMC's decision-making. That is a distraction from the real purpose. The Paul bill is NOT about the FOMC and how it sets its stated target for the overnight funds rate. The bill's main purpose is to see the Fed's balance-sheet transactions -- how much, with whom, under what terms. Everyone at the Fed knows that and appears to be terrified, so terrified that they will actually just plain lie about the bill's focus. Mishkin and other objectors have set up a red-herring argument that an expanded audit would compromise the FOMC's decision-making. That is a distraction from the real purpose. The Paul bill is NOT about the FOMC and how it sets its stated target for the overnight funds rate. The bill's main purpose is to see the Fed's balance-sheet transactions — how much, with whom, under what terms. Everyone at the Fed knows that and appears to be terrified, so terrified that they will actually just plain lie about the bill's focus.

]]> http://libertymaven.com/2009/11/24/poison-pills-and-ron-paul-fed-audit-thrills/8142/comment-page-1/#comment-5039 Nick Wed, 25 Nov 2009 07:57:32 +0000 http://libertymaven.com/?p=8142#comment-5039 This may be one time Paul should abstain from voting on this particular legislation. That might be the best course for him. This may be one time Paul should abstain from voting on this particular legislation. That might be the best course for him.

]]> http://libertymaven.com/2009/11/24/poison-pills-and-ron-paul-fed-audit-thrills/8142/comment-page-1/#comment-5037 andrew Wed, 25 Nov 2009 07:42:43 +0000 http://libertymaven.com/?p=8142#comment-5037 the fed guy had no argument whatsoever, it was basically just a bunch of fake outrage. the audit is in no way interfering with independance of the fed. the only thing that he said that made any sense is what the perception might be after that information was released but obviously it's completely fascist to follow that line of thinking. basically he's just interested in defending the fed, he doesn't care about what's in the people's interest. the fed guy had no argument whatsoever, it was basically just a bunch of fake outrage. the audit is in no way interfering with independance of the fed. the only thing that he said that made any sense is what the perception might be after that information was released but obviously it's completely fascist to follow that line of thinking. basically he's just interested in defending the fed, he doesn't care about what's in the people's interest.

]]> http://libertymaven.com/2009/11/24/poison-pills-and-ron-paul-fed-audit-thrills/8142/comment-page-1/#comment-5038 andrew Wed, 25 Nov 2009 07:42:43 +0000 http://libertymaven.com/?p=8142#comment-5038 the fed guy had no argument whatsoever, it was basically just a bunch of fake outrage. the audit is in no way interfering with independance of the fed. the only thing that he said that made any sense is what the perception might be after that information was released but obviously it's completely fascist to follow that line of thinking. basically he's just interested in defending the fed, he doesn't care about what's in the people's interest. the fed guy had no argument whatsoever, it was basically just a bunch of fake outrage. the audit is in no way interfering with independance of the fed. the only thing that he said that made any sense is what the perception might be after that information was released but obviously it's completely fascist to follow that line of thinking. basically he's just interested in defending the fed, he doesn't care about what's in the people's interest.

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