continuum:

Ron Paul: Audit the Fed - CNBC.com

I thought Dr. Paul did a good job in this interview. He attempted to address a very real concern: the only thing worse than leaving the Fed in charge of monetary policy is putting Congress in charge. I thought he could have done better, though. By simply requiring that the Fed always report all actions 6 months after taking the actions, the idea that Congress will spring a “surprise audit” on the Fed as a means of exerting political influence is silly. The 6 month lag means that very little can be traded on (a concern for those that follow the financial markets), and the continual reporting of actions means that there’s no such thing as a “surprise audit.”

Having watched both, though, I must admit that Grayson makes the populist justification for auditing the Fed sound much sweeter than the libertarian argument. “You loaned half a trillion dollars to foreign banks to help them bet against the dollar and you don’t even know who you gave the money to?!!”

For once, I’m genuinely excited to see bipartisan support for something. Instead of being an obvious sign of corporate/lobbyist influence, bipartisanship is a sign of our legislators trying to tackle a truly broken system.