Patient,
Obviously I do not know what the Fed is doing – nobody does. So any observation can not by definition be empirical. I think that many people believe that the phrase “Power corrupts and absolute power corrupts absolutely” describs human nature. All of our laws are designed to take human nature into account. With no one to answer to and control over the wealtist nation in the history of time, the potential for corrution at the FED is immense. I think that not auditing the FED is the weird thing. Auditing seems the normal thing. Just my take.
