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Wednesday, March 7, 2012

postheadericon Reducing the Federal Reserveâs power

Ron Paul deserves credit (if you pardon the pun) for raising the question of monetary policy among the general electorate. We must examine the wisdom of its independence from congressional oversight. A more moderate view, one we should all be able to agree on, is that the Federal Reserve must be subject to a public audit of its activities. Surely no one on either side of the aisle thinks it wise to put so much power in the hands of so few without any check or balance.

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