Harry Reid in 1995: I Think We Should Audit the Fed

Yesterday the House of Representatives finally voted on, and passed, Ron Paul’s signature legislation the Audit the Fed bill, by a vote of 327-8. The bill had wide bi-partisan support; 89 Democrats joined all but 1 of the House Republicans in voting for the bill.

Despite the broad bi-partisan support the bill has, it will be dead upon arrival at the Senate, because Senate Majority Leader Harry Reid has vowed not to bring the bill to a vote.

But apparently, that’s not always how Harry Reid has felt about auditng the federal reserve.

Video from 1995 that has recently surfaced shows that at one time, Harry Reid felt very strongly that the Federal Reserve should be audited:

I have sponsored legislation every year that would call for an audit of the Federal Reserve system. I offer that amendment every year, every year it gets nowhere. I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve — it‘s taxpayer’s money that’s being used there. But we don’t do that.

Watch Reid’s comments, in their entirety, below:

Katherine Revello

A recent graduate of the University of Maine, where she majored in journalism and political science, Katherine Revello is an aspiring political commentator. Her focuses include theory, the philosophy of money and populism. Currently, she is a graduate student at Villanova University. She is the founder of The Politics of Discretion, a blog dedicated to advancing her philosophy of discretionism. Follow her on Twitter: @MrsWynandPapers