Monday, May 4, 2009

Audit the Fed

If anyone is feeling politically active at the moment, I would like to ask you to contact your local Congressional Critter to request their support of HR 1207, a piece of legislation which would require the first audit of the Federal Reserve since its creation in 1913. You can google the name for plenty more info.

The bill is a Ron Paul creation, but I honestly don't see this as a remotely liberal/conservative issue. It is rather astounding that with all the power the Fed has, Congress currently has virtually no oversight power of its activities. I have long considered the Fed completely unconstitutional, and while this legislation is a small step, it would at least shed some light on the what the Fed does with its massive and virtually unchecked power. I would think both liberals and conservatives could agree on that value of some accountability.

So write an email or make a 2-minute phone call. It's not sexy legislation, but it's important.

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