Forbes Coverage of H.R. 1207: The Federal Reserve Needs To Be Boring Again

[CUnknown]

You can make the same arguments about "tough decisions" and "subtle complexity" to justify that we need a President who is unelected and independent of the people, i.e. a dictator.

 

[haaaylee]

Here's the summary:

Then the author argues that monetary policy is too complex for anyone in congress to understand, and any congressman who thinks they can understand it is a fool.

This part may be true, based on who we have on Congress . . .

 

[EddieG]

There aren't the votes to abolish the Fed. Ron Paul is trying to audit the Fed in hopes that people will see how much counterfeiting it is really up to. He's trying to let the sun shine in. It's another step in discrediting a criminal institution.

 

[anaconda]

Here's the summary:

First the author states that everything the fed has done has been necessary and has been applauded.

Then the author gives a keyensian/monetarist argument about why monetary policy must be independent of politics. The author implies that knowing what the fed does would somehow take away it's independence. (not sure how this would happen...)

Then the author argues that monetary policy is too complex for anyone in congress to understand, and any congressman who thinks they can understand it is a fool.

Well then, a clean audit will only make this author look better!!!

 

[purplechoe]

Can someone who is registered with Forbes.com post this link to a video about Fed Inspector General knowing nothing about what the FED is up to?


YouTube - Is Anyone Minding the Store at the Federal Reserve?

 

[acptulsa]

I agree--the Fed needs to bore people to tears. In exactly the same way that history bores people to tears.

 

[Bossobass]

Can someone who is registered with Forbes.com post this link to a video about Fed Inspector General knowing nothing about what the FED is up to?

Yeah, no kidding.

Trillions in off balance sheet loans of our money and "I'm sorry, Congressman, I can't tell you to whom the loans were made, nor can I tell you what the terms were".

Bernanke the snot nosed monkey told RP on the House floor "you'll have to bring that up with your colleagues because they enacted the Federal Reserve Act".

So, RP does just that and the weasels pour out of the woodwork with a bunch of whining bullshit.

Not only did I flood my Rep with e-mails, the minute she signed on as a co-sponsor, I went to meet here face to face to let her know how important this is to me and everyone in my district I know.

For every opinion piece like this one in Forbes, I'll send 100 e-mails.

See ya in 2010.

Bosso