Ron Paul Fed Provision Passes House Financial Services Committee

Ron Paul has received the most attention he's got since his presidential campaign with his "audit the Fed" bill. Now, that legislation seems to have a shot at passing, as it has been attached to Barney Frank's financial regulation bill.

But the irony is that, for Paul and other Republicans, in order to limit what they see as overreaching federal government power in the form of the Federal Reserve, they would have to greatly expand federal government power in the form of other aspects of the Frank bill. Among other things, it would establish a Consumer Financial Protection Agency, an idea that has been maligned by free-market groups.

See my interview with Rep. Paul for more on his plan, which may become a reality.

Reader Comments Read all comments (55)

Add Your Thoughts

Comment Name State Select One AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY International Email

Please enter the two words below into the text field underneath the image.

Incorrect please try again

Enter the words above: Enter the numbers you hear:

Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.