“Now is the time to examine the proper functions of the Federal Reserve System–especially those of the Board–and make systemic changes.
The popularity of US Rep. Ron Paul’s bill to audit the Fed taps into a great pent-up frustration about the unaccountability of the very powerful institution. Independent socialist Bernie Sanders of Vermont is the senate sponsor. While Dr. Paul, my former boss, wants to go as far as getting rid of the Fed, he wisely offered an opportunity for us to learn more and make a more informed decision.” Read more.
The Fed Is Too Powerful To Be Unaccountable
Implode-O-Meter Blog, January 12, 2010.