All Commentary
Thursday, July 26, 2012

Fed Audit Bill Passes in House

“The U.S. House overwhelmingly approved a bill by Rep. Ron Paul, R-Texas, that would expand congressional authority to oversee deliberations at the Federal Reserve. The vote was 327-98. The legislation is the culmination of more than three decades of activism by Paul, who has pushed for greater transparency at the central bank since he was first elected in 1976.” (USA Today)

Next step: repeal.

FEE Timely Classic
“Who Owns the Fed?” by Warren C. Gibson