CovenantNews.com

Americans Deserve a Transparent Fed

Ron Paul and Jim Demint / Wall Street Journal:
Trillion-dollar interventions in the economy merit scrutiny by taxpayers and their representatives. For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the U.S. dollar has lost more than 95% of its purchasing power. The Fed's unprecedented actions over the past year in attempting to stabilize the financial system have now forced it into the spotlight, and caused millions of people around the country to question the opacity of the Fed's financial transactions.

Posted by Editor at November 20, 2009 12:30 AM