Ron Paul & Jim DeMint Take on the Fed

As of this writing, every single Republican in the House and over 60 Democrats have co-sponsored Ron Paul’s H.R. 1207 Federal Reserve Transparency Act, which calls for an audit of the Federal Reserve.

Given the current economic crisis, it turns out that many legislators are eager to see just how the Fed is able to print new money out of thin air. In the 1980’s, Paul introduced similar legislation with virtually no help from his fellow Republicans. In 2009, the entire party has lined up behind Ron Paul.

And big kudos are in order for one Republican who has gone out of his way to help form that line. Senator Jim DeMint of South Carolina isn’t exactly of the same libertarian stripe as Paul, and no doubt the two men don’t agree on everything. But on the one, overriding and glaring problem any conservative worth his salt should be concerned with — big government and massive spending — one would be hard pressed to find a more heroic Republican ally of Paul than DeMint.

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