reuters.com — The Federal Reserve Transparency Act of 2009, put forward by Republican Representative Ron Paul of Texas, now has 250 co-sponsors in the House. It will get air-time on Thursday during a congressional hearing on Fed independence that will feature testimony from the Fed's No. 2 official, Donald Kohn.
Jul 8, 2009 View in Crawl 4
henri3Jul 9, 2009
250 co-sponsor's!! ALL of congress should be co-sponsoring this important Act, no if and's or butt's about it!
Closed AccountJul 9, 2009
The intentions of anyone who stands against basic transparency and oversight of any powerful government-enabled entity such as the Fed, really ought to have their motives seriously questioned.
thetaoofbillJul 9, 2009
Transparency is a good thing. As long as the fed stays operational and as long as congress does not have control over it.The fed has been the most important economic institution. We owe our economic success to it's creation. And without it we would have had massive inflation by now.And it's better this institution be run by private bankers who actually have a clue how to run national banking policy and not by a bunch of congressmen who are sometimes known for being bullheaded about things they don't understand.One of the negative things about having an elected office in charge is sometimes that elected official is just not qualified for the job.Keeping it with the bankers assures that the people in charge know what they are doing and has the education and experience to control the monitary system appropriately.