Rand Paul’s “Audit the Fed” Ad

Rand Paul calls for an audit of the Federal Reserve.  Photo is a screen-cap of the video.

Rand Paul calls for an audit of the Federal Reserve. Photo is a screen-cap of the video.

What does the Federal Reserve actually do, and how do they do it?  Anyone?  Bueller?

A couple of years ago, Marty and I started trying to educate ourselves on economic theory, reading Bastiat, Freidman, Sowell, Keynes, and we tried very hard to find out the exact role of the Federal Reserve in our economy.  We wanted to try to explain to our audience how the Fed works, in terms that non-economists could understand.

“Casey, why haven’t y’all done a live show where you explain the Fed to us?”  I hear y’all asking that question, because Marty and I know that y’all would like some answers, too.  Unfortunately, though, the workings of the Federal Reserve are pretty damn complicated, and some of what they do takes place in secret, and is free from audit by the General Accounting Office.

In other words, not even Congress gets to see how the Fed operates and where all of our money actually goes; so…….yeah.

Rand Paul and others, even some Democrats, have been asking for the Federal Reserve to be audited.  Watch his latest political ad below for more details:

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