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Mr. Sunshine? Ron Paul Wins Support to Audit Fed Reserve

All of a sudden, Congress is paying close attention to Ron Paul.
The feisty congressman from Texas, whose insurgent “Ron Paul Revolution” presidential campaign rankled Republican leaders last year, now has the GOP House leadership on his side — backing a measure that generated paltry support when he first introduced it 26 years ago.
Paul, [...]

Storming the Federal Reserve

Building off the momentum of his national campaign, Ron introduced HR 1207, a bill to audit the Federal Reserve.
At first, most people took this as another PR stunt from the dark horse of the Republican party. After all, if Bloomberg was already being stonewalled on their suit to find out where those $2 trillion in [...]

Ron Paul Shall Rise Again

Yesterday on Meet the Press they reviewed the declining prospects for the Republican Party. And the yawning conclusion was that no one can really challenge Barack Obama in 2012 and no one can revive the G.O.P. They assessed the prospects of all the possible candidates but there was one glaring omission. Guess [...]

Ron Paul’s ‘Audit the Fed’ Bill Gathers Steam

Paul’s legislation, popularly known as the “Audit the Fed” bill, has drawn 244 cosponsors, ranging from Ohio’s John A. Boehner, the conservative Republican floor leader, to Michigan’s John Conyers Jr., the liberal Democratic chairman of the Judiciary Committee. Some Democrats have even picked up on Paul’s rhetoric. “It’s time to yank the shroud off the [...]

Jim Bunning and Ron Paul: Fed trendsetters?

Members of the House Oversight and Government Reform Committee will line up Thursday to take their shots at Federal Reserve Chairman Ben Bernanke.
To which Ron Paul and Jim Bunning might say: Where have you been?
Paul and Bunning — viewed by their colleagues as among the most eccentric members of Congress — were anti-Fed before anti-Fed [...]

Ron Paul on the Future of the Federal Reserve

Matthew Bandyk of the U.S. News & World Report interviews Ron Paul: President Obama’s financial regulatory plan has created controversy over the role of the Federal Reserve in our economy like rarely before. The person in Congress with perhaps the most unconventional point of view on these issues in American politics is Congressman and former [...]

California’s Day of Reckoning

Californians know they are overtaxed, which is why they decisively the recent series of initiatives designed to close the state deficit, largely through tax increases. Yet, they want to maintain high public spending.
Unlike the states, Washington can temporarily delay budget woes by firing up the printing presses. But we can no longer ignore economic reality. [...]

Economist.com: Ron Paul, international superstar

RYAN GRIM reports on an oddity of the international press: it’s smitten with Ron Paul, the fringe Republican congressman (the only “no” vote on last week’s pro-Iranian protest resolution, for example) who mounted a surprisingly popular presidential bid in 2008. The explanation…

Live Policy Forum: Bringing Transparency to the Federal Reserve

Ron Paul will be featured at a Cato event on Fed transparency this Wednesday.
POLICY FORUM
Wednesday, June 24, 2009
12:00 PM EST (Luncheon to Follow)
Featuring Rep. Ron Paul (R-TX); with comments by Gilbert Schwartz, Partner, Schwartz & Ballen LLP, Former Associate General Counsel, Federal Reserve; and Bert Ely, President, Ely & Company, Inc. Moderated by Mark Calabria [...]

Ron Paul: The World’s Most Popular U.S. Congressman

Congressman Ron Paul is the most popular member of Congress outside the United States, if foreign television appearances are any indication.

Fed Would Be Shut Down If It Were Audited, Expert Says

The Federal Reserve’s balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant’s Interest Rate Observer, told CNBC.
With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny normally afforded other institutions, [...]

Panic at the Fed?

You couldn’t make this one up: The Federal Reserve will hire former Enron lobbyist Linda Robertson to improve its image and to stop HR 1207, the bill to audit the Fed. According to Bloomberg.com, Robertson “headed the Washington lobbying office of Enron Corp., the energy trading company that collapsed in 2002 after an accounting scandal.” [...]