Senator Rand Paul Tying Fed audit bill to Yellen’s nomination (VIDEO)

by Austin Petersen

Battle Over The Central Bank Chair

WASHINGTON, D.C. – Senator Rand Paul (R-KY) is requesting that any nomination of Federal Reserve Chair Janet Yellen also include a debate over his bill that would audit the Federal Reserve. This bill would provide transparency of the nation’s monetary supply and it would put the central bank under more scrutiny.

The battle over a central bank dates back to American revolutionary periods, when a first bank was chartered by Washington and later allowed to expire. A second push by major institutional financial interests was successful in creating another central bank, which was famously destroyed by Democrat President Andrew Jackson.

Progressive central planners managed to reinstitute a central bank again in 1913, as well as pass an income tax and create an enormous regulatory structure over the American financial system.

Senator Rand Paul’s Federal Reserve Transparency Act, S. 209, is a harkening back to the days of America’s founding when people didn’t want their money made by government.

Free market economist Friedrich Hayek, who Paul admires, once stated, “I am more convinced than ever that if we ever again are going to have a decent money, it will not come from government: it will be issued by private enterprise.”


Austin Petersen is a homegrown Missourian with a lifelong passion for liberty. He grew up on a horse farm in Peculiar, Missouri and went on to attend Missouri State University, graduating with a degree in the Fine Arts. After developing a career in media in both New York City and Washington, D.C., he returned to Kansas City, MO, the city he now calls home. In 2016, Petersen appeared on the national stage as a candidate for president of the United States. He took second place in the crowded Libertarian primary behind Governor Gary Johnson and ahead of cyber security maverick John McAfee. During his campaign, Petersen earned many high-profile conservative endorsements, including Mary Matalin, Erick Erickson and Leon Wolf of RedState.com. Petersen also brings decades of professional experience in a wide variety of fields, from content production and media to business and political activism. He is the owner and chief executive of Stonegait LLC, a consulting firm specializing in photo and video services. He was also the director of production at FreedomWorks and an associate producer for Judge Andrew Napolitano’s show “Freedom Watch” on the Fox Business Network. Additionally, Petersen has a national following as a commentator and professional pundit. He is the founder of The Libertarian Republic, a powerful online news source for the public that receives an average of 1 million unique visits monthly and whose podcast, The Freedom Report, receives an average of one million monthly downloads. He is also a frequent contributor on television, appearing on Fox News, Fox Business, CNN, MSNBC and on dozens of local radio shows.

1 comment

Mario Lawrence October 26, 2013 at 9:03 am

He needs to get more backing for it.
Simply requesting that his bill be considered with Yellen’s nomination won’t cut it.
This needs to get exposure.

Considering how the debt ceiling scenario played out, can he really trust his fellow Republicans to hold their ground on this one?

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