Another Sign of Ron Paul's Influence in DC

The Republican leadership, corporatists and therefore Fedsters to a man, write the central bank to warn them against goosing the money supply to reelect Obama. The media is fanning itself and threatening to faint, but the actual advice is good. Is the Fed really supposed to be independent of politics, as they claim? Everything governmental is 100% political. When Arthur Burns arrived in Germany as ambassador, after serving as Nixon's henchman at the Fed, he was asked by a reporter how he could have enabled the monster's inflationary policy. Hilariously, Burns said that the Fed chairman has to do what the president wants, or the central bank would lose its independence. When I repeated that to a former high Fed staffer, then working for a Wall Street investment bank--of course--he told me it was the most damaging comment by a Fed official in its history. Burns had, for once, told the truth.