forbes.com — The Federal Reserve's recent and unprecedented actions in the realm of monetary policy have provoked a backlash among the American people. Trillions of dollars worth of loans and guarantees have been provided to Wall Street firms, while Main Street Americans suffocate. It's time to audit the Fed.
May 16, 2009 View in Crawl 4
cputeraceMay 18, 2009
Try reading more on HR1207.Yes, the GAO can technically audit the Federal reserve, but here is the restriction on that audit:"Monetary policy is exempt from audit by the Government Accountability Office."So what good is an audit of a group that controls monetary policy, if monetary policy is exempt from audit?That is the point of HR1207
rothbardosaurusMay 21, 2009
Actually, he did.<a class="user" href="http://www.amazon.com/Foreign-Policy-Freedom-Commerce-Friendship/dp/0912453001">http://www.amazon.com/Foreign-Policy-Freedom-Comme ...</a>
oldhickMay 25, 2009
You realize that is complete bulls**t. The Fed has extremely limited powers. The Fed reports their numbers to the treasury every year and any profits made are used to pay off interest on loans to the Treasury.Please explain how their powers are unlimited.
pellagaroJun 14, 2009
how about get rid of the federal reserve instead. auditing it is a good first step though
hypnodebJun 27, 2009
I just wrote my congressman about this issue. The problem is that the people in charge are dictating the rules and they are making the rules appeal to their constituents rather than the average american. There needs to be more transparency in the government and I hope Obama can change the patterns of the past.
slk3Aug 26, 2009
Very interesting reading, I liked it. Thanks
nodebtnowAug 28, 2009
A good article dealing with Ron Paul.
gokusandwichSep 10, 2009
Urge your Congressional employees to support auditing of the Fed. You can easily do so by joining Downsize DC: <a class="user" href="http://www.downsizedc.org/etp/campaigns/112" rel="nofollow">http://www.downsizedc.org/etp/campaigns/112</a>
gokusandwichSep 10, 2009
You need to understand the difference between what we might call "Keynesian economics" (or, perhaps a better name would be "Establishment economics") and "Austrian economics".The language that the media and government use to confuse everyone contains a mix of "Keynesian economics" and plain-old "rubbish". Austrian economics explains why they are wrong, why the economy has constant ups and downs, and how we can all live more freely and prosperously.
Closed AccountSep 18, 2009
Also, you've apparently not noticed much about Rons philosophy or his legislative record. He doesn't write legislation that proposes to spend the taxpayers dollar --- but to save it. I think your idea is great and would be glad to see someone do it -- but not the government.