When you can't change public opinion any other way, you buy it. That is the message from Huffington Post today in Economists Opposing Fed Audit Have Undisclosed Fed Ties.
As the debate over an audit of the Federal Reserve intensifies in the House, one camp is trotting out eight academics that it calls a "political cross section of prominent economists."
A review of their backgrounds shows they are anything but.
In
a letter to the House Financial Services Committee earlier this month,
all eight wrote that they support the type of amendment now being
introduced by Rep. Mel Watt (D-N.C.). Watt's approach purports to
increase Fed transparency while it actually would tighten restrictions
on any audits that could go …