and the territory, risk, human nature and the future of forecasting." he joins me here in washington, d.c. welcome, sir. thanks for being here. so rand paul is threatsening to hold up the nomination unless he gets a vote on this audit the fed bill, detailing everything the federal reserve has done and is doing. i know you oppose it. you thi the fed needs to remain independent. why should people not know what the fed has been doing? >> first, let me just say on the issue of accounting, each of the 12 reserve banks are fully audited, the federal reserve board is fully audited by outside accountants. i've done a lot of accounting over my life. i'm telling you the books are as clean as you can imagine because there's very little that can go wrong there. the one issue that he is raising is auditing the actual deliberations of the federal reserve which is a very bad mistake. >> why? >> basically because what