Re: Who's pulling who's wheight?
But I will repeat... Beware of simple answers...
Marginal reserve banking has created huge wealth, but it require a steady hand to avoid overshooting.
I fear that Ron Paul's calls to audit the Fed, on the surface sounds like smart oversight, but with congress doing the auditing that is tantamount to putting the foxes in charge of the hen house,,
They have already demonstrated how they treated the Fannie and Freddie piggy banks when left to their ways (and means). I'd hate to give them more say over the Fed, while somebody sure needs to be responsible and answerable... to we the people...
Interesting question.. free markets still need police, to deal with occasional excesses. Certainly some push back from Paul, won't hurt, just don't give him dynamite and matches. He would blow the place up.
JR
