for a change...
Brian Darling suggests the new Congress show its commitment to liberty by blocking the Bureau of Alcohol, Tobacco, and Firearms new regulations banning certain types of bullets, reducing "mandatory minimum “sentences for non-violent offenders, and passing the Audit the Fed legislation:
Audit the Fed
The House and Senate have introduced versions of a bill to audit a government agency — the Federal Reserve. This seemingly non-controversial piece of legislation passed the House in September of last year on a 333-92 vote. Yet some progressive partisans and Wall Street insiders are blocking transparency and pretending that this bill is controversial.
Last month, Rep. Thomas Massie (R-KY) introduced H.R. 24 and Sen. Rand Paul (R-KY) introduced S. 264 to audit the Fed. The fear-mongering response from Wall Street’s defenders was immediate and loud.
Progressive leader Sen. Elizabeth Warren (D-MA) and lefty economist Paul Krugman argue that the Fed being independent of the Obama Administration and liberal donors from Wall Street would have a bad economic result.
They oppose transparency, because they don’t want the Fed to be truly independent from the free money policies that have kept interest rates at historic lows. They also fear that the revolving door between the Obama Administration and Wall Street may be exposed.
There is nothing controversial about transparency. The American people deserve to know what is being done at the Fed.
Tags: Auidit the Fed