IREF - Institute for Research in Economic and Fiscal issues
Fiscal competition and economic freedom
The American Congressman Ron Paul succeeded to pass an amendment for audit of the Fed in the Financial Services Committee. The amendment is about to be included in major banking reform legislation and its purpose is to allow audit of every item on the Fed’s balance sheet, all credit facilities, security purchase programs etc. “This is a major victory for Federal Reserve transparency and government accountability,” stated Congressman Paul.
Earlier this year Congressman Paul published a new book entitled “End the Fed”, where he is criticizing the “secretive dealings and shenanigans” of the financial elite.