Audit the Fed

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The Federal Reserve should absolutely be held accountable by the American public for anything that it may have done without the sanction of daylight during the financial crisis. If anything, an audit of the Federal Reserve would be good in that it would apply more political pressure to the Federal Reserve and push us in the direction of truly public banking.

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Also, I find it the height of irony that the one bill of Paul's that ever passed the House not only would expand the power of the federal government and Congress, but also would provide the groundwork for the greatest inflation crisis in modern US history. It's almost poetic.

How would a simple audit of the Federal Reserve's finances cause the 'greatest inflation crisis in modern US history'? Beyond that, the United States economy is incredibly deflated. It wouldn't cause hyperinflation (I'm not convinced it would cause much inflation at all), but even if it caused some inflation, it would be a bet positive. Some degree of Inflation is good for a deflated economy.