Has the “Audit the Fed” Movement Gotten New Life under President Trump?

Senator Rand Paul (R-KY) was a guest on Tucker Carlson’s Fox News show on Tuesday night where the two men mainly discussed Senator Paul’s desire to pass “Audit the Fed” legislation. Paul’s father, former Rep. Ron Paul (R-TX), began the effort to Audit (and END) the Fed back in the 1980’s, but the movement was unable to make much headway until the last decade. In recent days, Senator Paul has taken up the fight, and now he says that the “Audit the Fed” movement has the wind at its back; but will President Trump give them his support?

“The main lobby against auditing the Fed is the Fed. We had 53 votes for it. 51 Republicans and two Democrats voted for it. Bernie Sanders voted for it. Tammy Baldwin and 51 out of 53 Republicans.

The reason I want oversight is people get hurt in the downturn. So in 2008, when the housing market went bust, I blamed that on the Federal Reserve. We’re right in the middle of another boom. Anybody seen the stock market lately? It is a boom, just like the real estate boom of 2008, and it will come to an end. I wish I knew exactly when, so I could give your viewers some investment advice, but it will end. There will be a correction. We have a huge bubble in the stock market created by easy money, free money, everybody has it. Free money! Federal Reserve will hand you bouquets of money. But there will be repercussions, and that will be the downturn. There will be a response or reaction to all of this extra money.”

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