Why does Paul want to audit the privately owned Federal Reserve? I came across this video explaining why the Federal Reserve is the most powerful institution in the country. This is the Information Age and since we have the Internet we can finally begin to overcome tyranny and expose corruption to the masses. And potentially give Austrian economics and the folks over there at the Ludwig von Mises Institute their due. This is what the battle is over.
On this view of the import of the term republic, instead of saying, as has been said, "that it may mean anything or nothing," we may say with truth and meaning, that governments are more or less republican as they have more or less of the element of popular election and control in their composition; and believing, as I do, that the mass of the citizens is the safest depository of their own rights, and especially, that the evils flowing from the duperies of the people, are less injurious than those from the egoism of their agents, I am a friend to that composition of government which has in it the most of this ingredient. And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. - Thomas Jefferson (Library of Congress)
Edited by JChief, 11 February 2012 - 08:04 AM.
