At long last, Ron Paul has his day.
The House of Representatives on Wednesday overwhelmingly approved the Texas Republican’s bill to increase the transparency of the Federal Reserve. With bipartisan support, the measure passed 327-98.
For Paul, the path to getting his bill approved in the House has been a long, and often lonely one. He first introduced the bill to a skeptical House a decade ago. While his efforts were ignored at the time, the call to audit the Fed” has gained support from mainstream Republicans and Democrats.
On the presidential campaign trail in 2008, Paul spoke often about the need to make more of the Federal Reserve’s activities public, a cause that became a rallying cry of his supporters. Paul’s book, End the Fed,was published in September 2009, and he continued his crusade against the federal bank into his second run for the Republican presidential nomination in 2012. (Paul first ran for president as the Libertarian Party candidate in 1988.)