Audit the Federal Reserve

Rep. Thomas Massie
September 13, 2016

Congressional committees are jokingly referred to as the place where bills go to die. However, I’m happy to report that my bipartisan bill to audit the Federal Reserve passed the House Oversight and Government Reform committee by unanimous consent this summer, and is now eligible to come before the full House for a vote. Since 90 percent of bills die in committee, you could say that my legislation had a near-death experience, but that’s a good thing.

Beyond spurious internet ads urging, “Refinance your mortgage now, Fed lowers interest rates by half a point!” most of us do not think about the actual effects of this secretive institution upon our daily lives.

For example, consider that the 2008 financial market collapse was the direct result of the bubble inflated by the easy money, low-interest policies of the Fed.

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Gun Control Policy and Privacy Laws

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