Monetary Policy - the Answer is Less Government
Congress must insist on accountability and
transparency in the Federal Reserve’s operation, while reconsidering the Fed’s
almost total control over the money supply.
Bob Barr on: Monetary Policy
The Federal Reserve is a secretive and unaccountable organization which dominates monetary policy, regulates financial institutions, and increasingly intervenes in economic markets. Congress must insist on accountability and transparency in the Federal Reserve’s operation, while reconsidering the Fed’s almost total control over the money supply. We should begin a debate over more far-reaching policy changes, including eliminating the federal government's control over the money supply, thereby leaving monetary policy under the control of the market rather than of politics.
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