Spitzer: Federal Reserve “a Ponzi scheme, an inside job.”

It’s difficult to tell if Elliot Spitzer is saying this because he truly believes it, or if it’s a great opportunity to get his name back out in the press.  I suspect it’s a little bit of both.

Reported yesterday on Raw Story, Spitzer is supporting a House bill to audit the Fed.

Implications of an audit of the Federal Reserve are nearly impossible to foresee – it would forever alter the financial landscape of the United States, and perhaps the world.  Debate, which is ongoing, on this bill will be extremely interesting.  Spitzer should remain on the sidelines, or use less inflammatory language to argue his point.

If he’s serious about making any sort of comeback, political or otherwise, he’ll have to show that he’s got some restraint and is capable of societal contributions.  Things like this are not going to get him there.


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