- Jul 1, 2004
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http://www.huffingtonpost.com/...-show-fe_n_200515.html
Not that anyone should be shocked, but it looks like Ron Paul's Federal Reserve Transparency Act of 2009 which removes the limitations of the auditing of the Federal Reserve, is being "neutered" by Republican Senator Richard Shelby.
From what I hear, the loony rhetoric being used by those who oppose the bill is that it calls for too much intervention into the free market. This is ridiculous, for at least two reasons. One, the Federal Reserve isn't part of the free market, it could be argued it is a 4th branch of federal government. And two, the ideas behind central banks do not stem from free market capitalism, but from central planning.
Not that anyone should be shocked, but it looks like Ron Paul's Federal Reserve Transparency Act of 2009 which removes the limitations of the auditing of the Federal Reserve, is being "neutered" by Republican Senator Richard Shelby.
From what I hear, the loony rhetoric being used by those who oppose the bill is that it calls for too much intervention into the free market. This is ridiculous, for at least two reasons. One, the Federal Reserve isn't part of the free market, it could be argued it is a 4th branch of federal government. And two, the ideas behind central banks do not stem from free market capitalism, but from central planning.