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Letter to Senate: Oppose the Nomination of Peter Diamond to Become Member of Federal Reserve Board of Governors
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Blog

Letter to Senate: Oppose the Nomination of Peter Diamond to Become Member of Federal Reserve Board of Governors

Dear Senator, FreedomWorks is a leading grassroots organizing fighting for lower taxes, less government and more freedom. I am writing to urge you to oppose President Obama’s nomination of Peter Diamond to become a Member of the Federal Reserve Board of Governors. While Peter Diamond did win the Noble Prize in economics, as Paul Krugman did, this should not be the deciding factor when considering a nominee. I urge you to take a serious look at his troubling policy positions that he has taken throughout his career.

03/07/2011
Legislators Put Pressure on Fed Chair Ben Bernanke
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Blog

Legislators Put Pressure on Fed Chair Ben Bernanke

As mandated by the Humphrey-Hawkins Full Employment Act of 1978, Federal Reserve Chairman Ben Bernanke presented a report to Congress on monetary policy on Tuesday and Wednesday. In order to assist lawmakers in developing insightful questions for the Fed chairman, FreedomWorks released a confidential memo written by our Director of Monetary Policy Dr. Judy Shelton that was obtained by The Hill newspaper.

03/02/2011
Letter to House: Cosponsor Rep. Ron Paul's Audit the Fed Bill
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Blog

Letter to House: Cosponsor Rep. Ron Paul's Audit the Fed Bill

Dear Representative, FreedomWorks is a leading grassroots organization fighting for lower taxes, less government and more freedom. I am writing today to urge you to cosponsor H.R. 459 Federal Reserve Transparency Act of 2011. Introduced by Rep. Ron Paul (R-TX), the bill would eliminate the current audit restrictions placed on the Government Accountability Office (GAO) and require a full and thorough audit of the Federal Reserve.

02/15/2011
Ron and Rand Paul Introduce Audit the Fed Legislation
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Blog

Ron and Rand Paul Introduce Audit the Fed Legislation

With longtime Federal Reserve critic Rep. Ron Paul (R-TX) the chairman of the House Subcommittee on Domestic Monetary Policy and Sen. Rand Paul (R-KY) willing to lead the fight in the Senate, this is our best opportunity to pass a real Audit of the Fed. On Wednesday, the father and son duo introduced companion legislation, H.R. 459 and S.202, in both congressional chambers to require a full and thorough audit of the Federal Reserve.

01/27/2011
Good News for Sound Money: Ron Paul Will Lead Monetary Policy Subcommittee
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Blog

Good News for Sound Money: Ron Paul Will Lead Monetary Policy Subcommittee

The movement to audit the Fed won a huge victory last night. Representative Ron Paul (R-TX) who has been a leading critic of the Federal Reserve for decades will lead the Monetary Policy Subcommittee. In other words, the author of the book “End the Fed” will be overseeing the central bank. Look out Fed chairman Ben Bernanke.

12/09/2010
Join Us For a Panel Discussion on Sound Money
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Blog

Join Us For a Panel Discussion on Sound Money

On Tuesday, December 7, 2010 from 11:30 am to 12:30 pm, FreedomWorks Foundation and Atlas Economic Research are co-sponsoring a panel discussion themed "Sound Money and America's Global Economic Leadership."

12/06/2010
The Fed Printing More Money Will Make Things Worse
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Blog

The Fed Printing More Money Will Make Things Worse

Today, Chairman Ben Bernanke gave a big speech on the Federal Reserve’s next move in Boston. During his speech, Bernanke announced yet another round of “quantitative easing”. In plain English, this means that the Fed will fire up their printing presses to create more money. This likely won’t end well.

10/15/2010
The Federal Reserve's Increased Efforts to Hide Bailout Records
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Blog

The Federal Reserve's Increased Efforts to Hide Bailout Records

On Friday, Federal Reserve chairman Ben Bernanke gave a speech claiming that the economy is finally headed on the right track. He stated at the Federal Reserve Bank of Kansas City’s annual economic symposium that "despite this recent slowing, however, it is reasonable to expect some pickup in growth in 2011 and in subsequent years."

08/30/2010
Federal Reserve Transparency Working Group Sends Letter to the Senate
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Press Release

Federal Reserve Transparency Working Group Sends Letter to the Senate

Dear Members of the U.S. Senate: In the last two years, the Federal Reserve Board has lent several trillion dollars to banks and other private companies, financial and non-financial institutions through a series of special lending facilities. The total amount of loans made through facilities exceeds the annual budget of the United States. In addition, it guaranteed trillions of dollars of various assets and also made hundreds of billions of dollars available to several foreign central banks through currency swap arrangements. 

12/03/2009
Fed Open to Spending Even More
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Blog

Fed Open to Spending Even More

Beyond the $1.75 trillion in mortgage related assets and treasury securities the Federal Reserve already has committed to buying, the board said in its April meeting that it was not ruling out buying even more private assets.  Further intervention in the market to purchase more private assets will only prolong the recessionary pain we're feeling now.  The Fed should never have purchased any of their assets and the sooner it discloses what it has bought and how much it's lost, the better for the economy.  Those privileged banks should face market tests of profit and loss rather than receiving bailouts for bad decisions from the Federal Reserve.

05/20/2009

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