Ron Paul’s Fed-Bashing Wins Over Lawmakers Wary of Bank’s Power

Bloomberg reports:

Representative Ron Paul, the ninth time may be the charm.

After fighting for decades to increase scrutiny of the Federal Reserve or abolish it, the Texas Republican’s proposal requiring audits of the central bank’s interest-rate decisions is getting traction.

The long-shot 2008 presidential candidate whose anti-tax, anti-government politics struck a chord with a swath of voters is again channeling public frustration with big government, bailouts and rising federal debt. And as Paul trains his sights on his favorite villain, the Fed, many in Congress are listening.