Nine-term congressman Ron Paul has introduced legislation to end the Fed six times and to audit three times. Due to the recent economic crisis, many have opened their eyes to fact that the Fed caused the meltdown and continues to hide in secrecy.
We live in the age of the people demanding more transparency, and that came out of the failure of Congress to monitor the bailouts,” Paul, 74, said in an interview. “I was able to tap into that.”
Its really sad when you think of it that it took one of the largest economic meltdowns in American history to hold the Fed accountable, but it is one that is needed.