Ron Paul at Cato Institute 6/24/09: Audit the Fed

Is Cato Institute changing its tune? Texas Congressman Ron Paul spoke today at Cato Institute, which has been pro-Fed.

Ron Paul at Cato: ‘Audit the Fed’ (6/24/09 Cato Institute)

"When Texas Congressman and former Republican presidential candidate Ron Paul speaks about transparency in the Federal Reserve, he sums up his argument with one simple question. Why not?

“Why in the world should this much power be given to a Federal Reserve that has the authority to create $1 trillion secretly?” Ron Paul asked a standing room-only crowd today at the Cato Institute."

A standing room-only crowd. Nice. The above link has an audio podcast of Ron Paul's opening remark.

I hope the Institute is changing, and this is not a co-opting strategy to dilute H.R. 1207 (Audit the Fed bill).

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