By Martin HillPresidential hopeful Rand Paul announced in a recent op-ed that he seeks to "ultimately make the Fed more effective." Unlike his father, Ron, who sought to "abolish the fed," Rand insisted "it's reasonable that the Fed should be audited more thoroughly than in the past.Paul continued "Earlier Congresses turned much of their constitutional responsibility for money over to the Fed, often during times of war or crisis. The Fed is sometimes called the fourth branch of government, even though the Constitution created only three branches. Congress is complicit in this concentration of power, and should take responsibility for helping the Fed find constructive limits. A more thorough audit would be a good start."Paul's 4-page Senate bill, theis here He also tweeted about making the federal reserve more effective.: