[quote=patientrenter]The Fed prints money. What’s the point in auditing them?
“Hmmm…. we discovered there is a trillion dollars missing,” said Jim the auditor.
[/quote]
The point is not to find out stuff that the Fed itself doesn’t know, but to let the public (or hell even anyone outside the actual Fed itself) know what the hell they are doing behind close doors. Who are they giving all this money too? Is the Fed corrupted?
Right now Congress doesn’t know what the Fed is doing because the Fed doesn’t have to tell anyone.
