HR 1207 UPDATES "The Federal Reserve Transparency Act"

peaceandlove · 05-18-2009, 07:39 PM

Commentary
FORBES.com

Fed Up
Ron Paul, 05.15.09, 07:10 PM EDT

Audit the Federal Reserve.

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 under harsh taxation, the prospect of higher debt levels and increasing inflation. These events have awakened many Americans to problems with the Fed's loose monetary policy, the bubbles it has created in the past and the potential hyperinflation it might cause in the future.

One of the fallacies of modern economics is the idea that a central bank is required in order to keep inflation low and promote economic growth. In reality, it is the central bank's monetary policy that causes inflation and depresses economic growth...

Continues: http://www.forbes.com/2009/05/15/aud...-ron-paul.html

SOURCE: http://www.campaignforliberty.com/bl...cpg=1#comments

05-18-2009, 07:39 PM	#11
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	FED UP Forbes 5/15/2009 Commentary FORBES.com Fed Up Ron Paul, 05.15.09, 07:10 PM EDT Audit the Federal Reserve. 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 under harsh taxation, the prospect of higher debt levels and increasing inflation. These events have awakened many Americans to problems with the Fed's loose monetary policy, the bubbles it has created in the past and the potential hyperinflation it might cause in the future. One of the fallacies of modern economics is the idea that a central bank is required in order to keep inflation low and promote economic growth. In reality, it is the central bank's monetary policy that causes inflation and depresses economic growth... Continues: http://www.forbes.com/2009/05/15/aud...-ron-paul.html SOURCE: http://www.campaignforliberty.com/bl...cpg=1#comments