What Does Rand Paul's Presidential Campaign Mean For A Nervous Fed?

[NACBA]

MANCHESTER, N.H.—Nearly six years ago, flanked by members of the Campaign for Liberty started after his father's presidential campaign, a longshot Kentucky candidate for Senate leaned into a bullhorn and called for the Federal Reserve to be scrapped.

"I don't oppose the Federal Reserve because it is secretive, though it is," said Rand Paul at an April 25, 2009, "End the Fed" rally. "I don't oppose the Federal Reserve because it lacks congressional oversight, although it does. I don't oppose the Federal Reserve because it's a private cartel, though it is. I oppose the Federal Reserve primarily because it wreaks havoc on the economy. We need to understand that this is the most important question of the last 30, 40 years. What caused the panic of 2008? Was it capitalism or was it the Federal Reserve?"

The crowd gave Paul the answer he craved. It was the Fed, obviously, that sparked the crash. In those early days of the Tea Party movement, activists inspired by the Pauls and seeking culprits for the Great Recession brought Fed-bashing into the political mainstream. Rand Paul, who won a Senate seat in 2010, has perennially introduced legislation to audit the central bank and give Congress power over its decisions; versions of this passed the Republican-controlled House of Representatives in 2012 and 2014.

http://finance.yahoo.com/news/does-rand-pauls-presidential-campaign-140051304.html

 

[Ronin Truth]

Nothing, unless he wins.

 

[NACBA]

Nothing, unless he wins.

True

 

[Matt Collins]

Nothing, unless he wins.

If he doesn't get elected he still wins because he will be building a much bigger and stronger brand / organization meaning that he will have a lot more power and thus influence. Meaning he can get a vote / passage on an Audit bill.