By Zac Nickerson
Economists have been all in a buzz since Wednesday due to the Board of Governors of the Federal Reserve releasing the minutes from their most recent Federal Open Market Committee (FOMC) meeting. Reading through the tedious and at times monotonous enumerations of the FOMC minutes, one can’t help but notice that they keep changing their projections and it seems apparent that they have no idea how to respond to the ongoing economic stagnation that they themselves have created.
For far too long we have had a group of unelected officials tinkering with our economy, creating money out of thin air simply to buy bonds and artificially inflate the value of our currency (fiat though it may be).Despite the fact that the FOMC meeting minutes aren’t made public until three weeks after the meetings occur, the very nature of the discussion and plans in these meetings should drive every American to demand an end to this unconstitutional entity playing with our monetary system , our economy, and our well-being. And the first step to ending the Federal Reserve is exposing its shadowy practices by passing Audit the Fed and legislating a full and complete audit.
Also, if you have any friends not yet convinced on auditing the Fed and are going to be in the D.C. area this Friday the 17th, the CATO Institute will be holding a discussion on “Should GAO Audit the Federal Reserve?”