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Flashback 1995 - Harry Reid Regarding Auditing the Fed


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3 replies to this topic

#1 UncleBob

UncleBob

Posted 06 September 2012 - 04:06 AM


"The ultimate weakness of violence is that it is a descending spiral, begetting the very thing it seeks to destroy, instead of diminishing evil, it multiplies it."

#2 Spokker

Spokker

    CAGiversary!

  • CAGiversary!

Posted 06 September 2012 - 05:07 AM

I wonder if he's going to block Audit the Pentagon too whenever that gets going.

#3 speedracer

speedracer

Posted 12 September 2012 - 12:41 PM

I've never heard a defense on why we shouldn't audit the Fed. Anyone?
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#4 UncleBob

UncleBob

Posted 12 September 2012 - 01:18 PM

The main defense against it is that it would be a waste of time/money, as the Fed isn't doing anything wrong ever. Or something.

Aside from that, it's a crazy random happenstance you'd ask - because I was just reading an article published by Eichengreen yesterday on why we shouldn't audit the Fed.

http://www.project-s...rry-eichengreen

I will begrudgingly admit, he does make some good points - but, overall, I feel that the benefits outweigh the risks.
"The ultimate weakness of violence is that it is a descending spiral, begetting the very thing it seeks to destroy, instead of diminishing evil, it multiplies it."