Rand Paul actually said...

The systematic destruction of the value of our money has not helped our consumers; our consumers are destroyed by the loss of their purchasi...

It is absurd to have a government agency with this kind of power be the agency immune from such audits.

Thank you, Mr. Chairman. I want to thank you for holding these hearings because I think they are very important.

The Federal Reserve is hardly a protector of the consumer when it distorts the interest rate that is paid to the savers.