Katie Glueck By Ben White and 02/16/2015 05:06 PM EST Updated: 02/16/2015 10:43 PM EST
Rand Paul traveled to Des Moines, Iowa, recently and delivered a sure-fire applause line. “Anybody here want to audit the Fed?” the Kentucky senator asked. “Anybody feel that the Fed’s out to get us?”
He followed it up with an op-ed comparing the Federal Reserve to Lehman Brothers and calling it essentially bankrupt. The bash-the-Fed routine, perfected by Paul’s father, former Texas congressman Ron Paul, is political gold with libertarian voters suspicious of all federal authority, especially a central bank with a $4.5 trillion balance sheet.
But Paul could face a significant challenge if he emerges from Iowa with a legitimate shot at the Republican nomination.
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