Julie Mason, a columnist for the Washington Examiner (my favorite paper), had this to say about the Texas Congressman:

Ron Paul is back! And all up in the Fed’s face! The congressman from Texas yesterday persuaded the House Financial Services Committee to enforce audits on the Federal Reserve — which really, really does not want audits. And certainly not on their interest rate decisions — harumph!

Mason speculates on a bid by Congressman Paul for President in 2012, but he declines her indulgence. Check it out.

Adam Kokesh, Republican candidate for New Mexico’s 3rd Congressional District, and Congressman Ron Paul addressed the attendees to the first annual Young Americans for Liberty National Convention at the Leadership Institute yesterday. Here is video from their speeches:

Interesting article in Politico today:

It’s a unique time for Paul. With the economy in the tank, the same cable news shows that spurned him during the election now keep asking him on to talk monetary policy. Republican House members are finally voting with him on spending measures.

But following his exhilarant, if quixotic, quest for the presidency, Paul finds himself simultaneously gratified and frustrated by his return to the friendlier-than-before confines of the House of Representatives. He thinks he’s well situated in Congress to push for his libertarian causes, but then claims he doesn’t “pay a whole lot of attention” to the activity on the House floor these days, adding, “I don’t think it’s relevant to the big picture.”

“A lot of this is just tinkering, bailing out, more money, more spending, no shift of direction and it’s a little bit frustrating,” he says.

I supported Congressman Paul in the Republican Primary, as is obvious from this Huffington Post fundraising site.

Media outlets in the wake of the economic meltdown interviewed Paul. Some even asked him to come onto their shows and say “I told you so,” but he refused. Where Paul wouldn’t state the obvious, I will. For years leading up to this crisis Paul and others who follow the Austrian School of economics. Folks like F. A. Hayek, Ludwig von Mises, Murray Rothbard, and Lew Rockwell have been preaching this for years.

I just think it’s funny that people are only beginning to realize the realities perpetuated by thinkers in this school.

I find myself taking part in “Told You So” politics. It was true here, and it’s been true in local issues in Murfreesboro and Rutherford County – and it will soon be true again for the folks in Rutherford County in the next election cycle.

H.R. 1207, the “Federal Reserve Transparency Act“, is gaining momentum in the House. According to a Congressional Research Summary,  the legislation, sponsored by Texas Congressman Ron Paul (R-14):

Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.)

Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.