Monday, May 9, 2011

Herman Cain Opposed to Fed Audit

Presidential candidate Herman Cain opposes an audit of the Federal Reserve because he says it would cost too much money and that those who want an audit of it are simply uninformed.

But the financial news outlet Bloomberg sued the Fed's board of governors to make the Fed reveal more info, so is Bloomberg uninformed? Are all the economics PhDs in Ron Paul's camp who want it audited uninformed?

So while Cain apparently has no problem with spending beaucoup d'argent so US troops in Afghanistan can guard opium fields, auditing the Fed seems too costly for him...

I've spoken to an economist who supports the Fed but wouldn't mind seeing it audited. So what is Cain's problem?

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