Rand Paul supports the prospect of abolishing the Fed, with a major proviso

Sena Rand Paul, R-K., during an interview on Tuesday explained to Fox News Digital that he would support the abolition of the Federal Reserve System, with the leading Provoco that the country would stop engaging in deficit expenses, and instead, runs a balanced budget.

But fiscal Hawk and son of former US rape. Ron Paul, a famous Federal Reserve critic, says that he does not guess that this will happen.

“I see the opposite,” he said, it shows that many people in the GOP who used to care earlier, “about the deficit under Biden, lower about the deficit under Trump.”

Sen Rand Paul: $ 186 billion reasons why we should audit Fed

“I clearly feel that if the Congress was not losing losses, you can do without a fed,” he said.

However, he said that the “clearinghouse” system would need to be the system, it shows that the market would be allowed to “fill that place” over time, with the fed out of the photo.

Paul believes that free market – supply and demand – should determine interest rates.

“Interest rates are a universal value,” they explained, stating that they “are the most vigilant values in all economy.”

Regarding Trump, how Fed is managed more about firing to Pavel, says Deputy Chief of Staff

The last time the Federal Open Market Committee decided to reduce the target limit for the Federal Funds Rate, returned in December, and President Donald Trump asked the Fed to cut the rate.

But Paul insisted on the demands of the rate that the meat is very expensive, and Trump should reduce its price. S-venerator said that most people will see such calls as “meaningless” because it is related to consumer goods, “but for some reason the orthodoxists also lose their minds when they come to interest rates,” they said.

The senator said that he thinks that “what we really want is a federal reserve that is less involved with manipulating interest rates.”

Economists say

Click here to get Fox News app

Paul, who said that “there is no more powerful and secret organization in all of the government,” is emphasizing a bill to audit the fed.

Proposed legislationWhich is also supported by some GOP colleagues of Paul, asks to audit the Federal Reserve System and Federal Reserve Banks’ Board of Governors.

He is also pushing remedyThe Left Sen Berney Sanders, called by I-VT, is called as “Fed’s Big Bank Bellout Act”, including language stipulating, “No Federal Reserve Bank cannot pay earnings on the remaining amount placed in a Federal Reserve Bank or in the Federal Reserve Bank on behalf of a Federal Reserve Bank or by a depository institute.”