Ha ha...just kidding. Well, for now at least. I am sure that the Congressman from Texas (and presidential hopeful...God save us all) will drum up the charge at some point.
Here we see Paul accusing the Fed of "facilitating a 5.5 billion dollar loan to Saddam Hussein" in the 1980s (around the 2min mark): http://www.youtube.com/watch?v=lglw8PPCe5k
Holy cow, Batman! But wait, there's more. He goes on cite reports that "the cash used in the Watergate scandal came through the Fed."
What next, I wonder? I can hardly wait to read his memoirs; of the trips he took with little green Martians to faraway galaxies, of the conversations he's had with the deceased, and so on. This man is an embarrassment to all libertarians.
Brief Bio: Born in Vancouver, British Columbia. Flowering career in construction sector (drywall taper) aborted by severe recession (1982). Received Ph.D. in Economics from the University of Western Ontario (1994). Taught as a university professor for over 20 years. I now work in the Research Division of the Federal Reserve Bank of St. Louis and I write this blog mainly in my spare time (it is not a part of my formal duties). I welcome comments and (constructive) criticisms. Feel free to email me if you would like to discuss issues in greater detail.
Believe those who are seeking the truth. Doubt those who find it. Andre Gide