Rand is blasting out email donation requests based on this news.
I have never been a fan of the bill. What exactly is the audit the Fed bill going to do, even if it is passed (unlikely)?
Back in 2009, when Rand's father proposed an audit of the Fed, I wrote:
I hope Congressman Paul knows what he is doing, to me it sounds like this may evolve into a power play over who controls Fed money rather than an investigation into whether the Fed should be printing money in the first place. If Democrats start signing on to the bill in heavier numbers, it may be a sign that an audit may come, but it will end with a restructured Fed controlled by left wing radicals, who believe money is for handing out and who have no fear of inflation.
What would an audit of the Fed tell us that we don'y already know? It's no secret that they create money out of thin air to manipulate the economy (See:The Mystery of Banking). And the Fed publishes every damn week (on Thursday's at 4:30 PM ET) the H.6 report, which shows exactly how much money they have printed on a weekly basis. We also know the money goes to banksters and assorted other cronies. What else is there to know?
An audit of the gold at Fort Knox would be much more enlightening to the masses. For sure, the Treasury is lying at least about the quality of the gold there, if not the quantity.
But beyond audits, an End the Fed bill would be much more impressive. It will get the masses at least thinking in the right direction.
If Rand submits such a bill on the floor of the Senate, I will donate to his campaign.