Ron Paul: If the Fed has nothing to hide, it has nothing to fear

By Ron Paul
Ron Paul Institute for Peace and Prosperity, Clute, Texas
Sunday, January 18, 2015

Since the creation of the Federal Reserve in 1913, the dollar has lost over 97 percent of its purchasing power, the US economy has been subjected to a series of painful Federal Reserve-created recessions and depressions, and government has grown to dangerous levels thanks to the Fed’s policy of monetizing the debt. Yet the Federal Reserve still operates under a congressionally-created shroud of secrecy.

No wonder almost 75 percent of the American public supports legislation to audit the Federal Reserve.

The new Senate leadership has pledged to finally hold a vote on the audit bill this year, but, despite overwhelming public support, passage of this legislation is by no means assured.

The reason it may be difficult to pass this bill is that the 25 percent of Americans who oppose it represent some of the most powerful interests in American politics. These interests are working behind the scenes to kill the bill or replace it with a meaningless "compromise."

This "compromise" may provide limited transparency, but it would still keep the American people from learning the full truth about the Fed's conduct of monetary policy. ...

... For the remainder of the commentary:

http://www.ronpaulinstitute.org/archives/featured-articles/2015/january/...