After decades of pushing long-shot causes like abolishing the income tax and reinstating the gold standard, Republican Representative Ron Paul finds himself in an unaccustomed spot: on the cusp of legislative victory.From Reuters, via Canadian Silver Bug.
A majority of the libertarian-leaning Texan's colleagues in the House of Representatives support his proposal to increase congressional scrutiny of the Federal Reserve, and the measure could be included in a broader banking overhaul this fall.
It faces a rockier road in the Senate, where a companion bill offered by his ideological opposite, self-described socialist Bernie Sanders, has drawn 23 co-sponsors.
Wednesday, September 16, 2009
What do a socialist and a libertarian have in common?
They both want to audit the Federal Reserve: