As recently as two years ago, Congressman Ron Paul introduced a bill to audit the Federal Reserve Bank that headed to oblivion. Year after year — beginning in 1983 — the bill never even won a committee hearing. Dr. Paul was ignored in Washington, and was a lonely voice for freedom back in his Texas congressional district.
Times have changed. Ron Paul is on a political roll. The bill Dr. Paul introduced in the current Congress to audit the Federal Reserve Bank (H.R. 1207) has more than 300 cosponsors — including every House Republican and more than 100 Democrats — and the backing of House Financial Services Committee Chairman Barney Frank. Frank has promised a committee vote, and it has a better-than-average chance of House passage this year. Dr. Paul’s new book End the Fed sailed into the top twenty of Amazon.com’s sales figures more than a month before it was available. It debuted on both Amazon.com and New York Times bestseller lists, and sales remain strong even today. His old presidential campaign has rolled over into a “Campaign for Liberty” that has raised more than $4 million since its founding in February of this year.