Thursday, June 11, 2009

A huge step!

As of today, more than a majority of the U.S. House of Representatives have cosponsored the Federal Reserve Transparency Act, but Parker Griffith is still taking a wait-and-see approach. This bill matters to ordinary Americans because all government activities should take place in sunlight. The Fed's easy-money policies are destroying the value of the dollar, which will cause increased prices for everyday goods such as gas and groceries, and destroying families' balance sheets by enticing households to go deeper into debt.

Ron Paul's staff issued a press release heralding the achievement.

Why hasn't the Fed already opened its books for all to see? What do they have to hide?

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