WaPo's David Weigel, who is at the Democratic platform committee meeting, reports:
Dems now debating whether to turn the Federal Reserve into a fully public institution. #RonPaul— daveweigel (@daveweigel) July 9, 2016
This is the problem with revolutions. If they aren't replaced with freedom leaning ideas, things could get worse.
I fear a Federal Reserve that becomes a "fully public institution."
What does this mean that Congress or the masses get to vote on the interest rate? Or get to vote the Fed chair, who could turn out to be Elizabeth Warren?
Halfway measures with regard to government institutions are almost always a bad idea.
End the Fed, don't audit it, restructure it or create more supervisory layers, end it.