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Thread: Academics Spar With Populists Over Fed Audits

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    Academics Spar With Populists Over Fed Audits

    In a letter to leaders on the Senate Banking Committee and House Financial Services Committee, the economists say a bill proposed by Rep. Ron Paul (R., Tex.) and Alan Grayson (D., Fla.) to let the GAO review Fed monetary policy would do “serious harm to the economy.” They warn increased congressional oversight would harm the Fed’s independence and ability to fight inflation.
    Bernanke and his fascist cronies are running scared, its time to go in for the kill.

    Academics Spar With Populists Over Fed Audits - Real Time Economics - WSJ
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    Re: Academics Spar With Populists Over Fed Audits

    Quote Originally Posted by chevydriver1123 View Post
    Bernanke and his fascist cronies are running scared, its time to go in for the kill.

    Academics Spar With Populists Over Fed Audits - Real Time Economics - WSJ
    Haha. I wonder what they're so afraid of. Maybe they're afraid that we'll find out what they were doing with our money. And they should be. At some point, we may have to hang a few of these folk.
    You know the time is right to take control, we gotta take offense against the status quo

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    Re: Academics Spar With Populists Over Fed Audits

    to let the GAO review Fed monetary policy would do “serious harm to the economy.”
    It seems that using fear tactics is the modus operandi in DC these days. Scream that everything is needed to save the economy and keep the people in fear. It's disgusting.

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    Re: Academics Spar With Populists Over Fed Audits

    I would like to see something more in depth than the annual dog and pony show on the Hill. I can't see why having the FED defend its policies and decisions in conjunction with its money transfers would 'seriously endanger the FED's independance".

    Also, has anyone else noted that Bernanke announce that the FED will make money on the bailout? Note, he stressed the word FED, not the US government or people. Since the FED is a totally separate entity from the US government, it is not the same thing.

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