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You're right when I used the word I was referring to "Audit the Fed" slogan à la Bernie Sanders & Ron Paul. The bill in question that was striked down is here [
by cconroy 8y ago
You're right when I used the word I was referring to "Audit the Fed" slogan à la Bernie Sanders & Ron Paul. The bill in question that was striked down is here [0].
The bill's purpose
> ...If enacted, the bill would also have ensured that the
> audit results would be available to Congress. The audit
> would include the Fed's "discount window", its funding
> facilities, its open market operations, and its agreements with foreign bankers. [1]
[0] https://en.wikipedia.org/wiki/Federal_Reserve_Transparency_Act https://en.wikipedia.org/wiki/Federal_Reserve_Transparency_A...
[1] https://en.wikipedia.org/wiki/Federal_Reserve_Transparency_Act#Purpose https://en.wikipedia.org/wiki/Federal_Reserve_Transparency_A...
- JumpCrisscross 8y ago> audit results would be available to Congress This would effectively end the Fed's political independence. Agreements with foreign bankers seems acceptable, though even then it would be better to release it to a committee after a delay.