[quote=markmax33]You could fix the current dollar to the current value of gold and audit the fed properly and reestablish a gold standard over night. It’s not that hard. The price of gold might go up though![/quote]
I figured this would eventually come up, because it always seems to. The fed gets audited every year. It’s a financial audit, and something I actually look at when it comes out. Pretty interesting. So when I hear screams to audit the fed, and claims that the fed has never been audited, it seems funny, stupid and uninformed.
So when given the opportunity, I ask these questions. If you have issues with the current audit, exactly what are those issues, and what is the basis for the argument? If you would like an audit with a different scope, what precisely is the scope of the audit you’d want? And most importantly, how is an audit going to fix anything going forward?
And in advance of your possible claim that by asking these questions, I’m presuming that everything the fed has ever done has been good, clean, and appropriate, I’ve made no such presumption. This is focused solely on your assertion that auditing the fed will provide solutions. I think that assertion is silly and misguided, and driven by conspiracy nuts who ignore reality because it’s not near as interesting as fantasy.
