Ramaswamy Backs Insane Claim About Federal Reserve

Here’s the transcript of the exchange:

QUESTIONER: But that is illegally taking money out the back door, not through the proper channels, or adding zeroes to bank accounts to the media or maybe your political opponents. How are you going to stop that illegal under-the-table spending of money from the Federal Reserve?

RAMASWAMY: The answer is, you have to actually make sure the Federal Reserve is politically accountable. See, this idea that it’s supposed to be some sort of special entity that exists outside the checks and balances of government, that’s where the original sin begins, right? And you’re correct to point out what very few people are aware of. Absolutely, that happens.

CNN anchor Jake Tapper was dumbfounded: “Ramaswamy — who is polling quite well in several states — is agreeing with a completely untrue and, frankly, unhinged conspiracy theory about the Federal Reserve illegally adding zeros to the bank accounts of media companies. You can’t invent it. None of that is true. That is a deranged conspiracy theory, and then here you have a Republican presidential candidate saying, ‘You’re correct to point out what very few people are aware of.'”

Watch the clip.