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Over 3/4 of Americans Want a Fed Audit

December 11, 2009

The American people are fed up with the Fed. 79% percent of them, that is.

Also, for your enjoyment, some highlights from Guido Hulsmann’s letter on “Fed Independence”:

Economic theory suggests that unaccountable, legally protected monopolies are inefficient. Without monitoring, governance, competition, and feedback such organizations make bad decisions and tend to be captured by special interests. Why should central banks be any different?….. A government bureaucracy that cannot function unless it is shrouded in secrecy and is not held accountable to the elected representatives of the people has no place in a free society.

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One Comment leave one →
  1. Ramón Muñoz permalink
    March 22, 2010 9:03 pm

    CHRIS!!!!!!!!!!!!!!!!!!!!!!! YOU BEAST!

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