On behalf of FreedomWorks’ activist community, I urge you to contact your representative and urge them to cosponsor the Federal Reserve Transparency Act, H.R. 24, if he or she hasn’t already done so. Introduced by Rep. Thomas Massie (R-Ky.), the Federal Reserve Transparency Act would require a full audit of the Federal Reserve by the Government Accountability Office.

China has been in the American political discourse quite a bit. Most recently, President Trump spent last year’s campaign saying “(China’s) killing us” economically. As has been the argument among many for awhile, China is outperforming the US with a faster growing economy and a high trade deficit with the US. Indeed, the prediction of the day when China beats the US as THE world superpower has been a belief for quite some time now. Of course, like with many things, the common wisdom that China is on the rise is wrong as mismanagement and corruption have actually started slowing down the Chinese economy which will eventually snuff its predicted superpower status before it ever happens.

"There is no entity in the world that controls our lives more than the Federal Reserve System" - Harry Reid, 1995. While Harry Reid admits the unchecked power of the Federal Reserve, he has failed to act to provide oversight of the central bank. Despite the concentrated power of the Federal Reserve, it has little accountability from Congress or any branch of government. 

Ben Bernanke is arguable the most well equipped Fed chairman America has ever seen, and I mean that sincerely!  His academic accomplishments are top notch; and his career as a public official is equally impressive. He has been a ranking member of some of the most influential and prestigious economics advisory councils and research groups in the nation. By all accounts, Ben is the best conceivable man for the job of Chief Central Banker!

The great classical Roman poet Publius Vergilius Maro, better known simply as Virgil, said “do not trust the horse, Trojans. Whatever it is, I fear the Greeks even when they bring gifts.” While Virgil was referring to the sly and cunning nature of the Ancient Greeks, these potent human faculties failed to manifest when Greece allowed its own Trojan horse to penetrate its boundaries 30 years ago, that of course being socialism.