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Latest Twist in Audit the Fed Debate

The political firepower generated by Sen. Rand Paul’s Audit the Fed bill is now giving new attention to an alternative or potentially complimentary political response: to shift power from the New York Federal Reserve Bank to other regional Federal Reserve Banks. The

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The Horrors of Dodd-Frank “Banking”

With “Audit the Fed” being described as the “direst threat” to the Fed since Dodd-Frank, it’s worth while noting the mounting number of horrid consequences to actual people who need to make a living, especially from the federalization of banks. Today’s Wall

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Bankers versus Rand Paul?

Five of twelve regional Fed presidents have formally opposed Audit the Fed, and now Reuters reports: A Reuters survey of 24 state banking groups has found that four are actively opposed to Audit the Fed and five would probably take a stand against the

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Rand Paul Earns Kudos Not Just Critiques

Steve, Rand Paul never predicted hyperinflation.  He expressed two passing statements of concern in two obscure venues.  That by no means constitutes a prediction. Moreover, Paul received a number of plaudits, not just critiques for his leadership on Audit the Fed.  In addition to John Tamny’s

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Why the Fed is Under New Scrutiny

The Hill reports: The Federal Reserve is pushing back against mounting criticism of the central bank, as those pushing for reforms ratchet up their attacks. . . The uptick in outreach from the independent agency signals an effort to quell calls for significant

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Why Did Warren Denounce “Audit the Fed”?

Steve, The Hill is reporting Elizabeth Warren had a private lunch with Federal Reserve Chair Janet Yellen in December: A Warren representative declined to describe what was discussed at the meeting between Yellen and Warren, who frequently criticizes Wall Street. But not the Fed,

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Warren Now Opposes Audit the Fed

That odd sound you hear is the baying of Keynesian economists, howling with indignity at the effrontery of Senator Rand Paul to propose scrutiny of the Federal Reserve (S. 264, “The Federal Reserve Transparency Act of 2015”, and its companion bill H.R. 24