"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. 

Senator Rand Paul has reintroduced legislation to audit the Federal Reserve in the Senate. The bill, S. 209, currently has 24 cosponsors. This legislation is important because the people deserve to know who the Federal Reserve is bailing out behind closed doors. Here are the Republicans that have not cosponsored the audit the Fed bill yet. Please call them or tweet at them and politely ask them to cosponsor S. 209!

The debt ceiling debate reached a new level of absurdity when some pundits began tossing around the idea of a $1 trillion coin. Instead of advocating for spending cuts to avoid hitting the $16.4 trillion debt limit, proponents of the one trillion dollar coin believe that the Federal Reserve just needs to create more money. They want the U.S.

Throughout the various rounds of quantitative easing enacted by the Federal Reserve in response to a persistently sluggish economy, advocates of loose monetary policy have kept a gleeful eye on the Consumer Price Index, pointing to the lack of measured inflation as evidence for the soundness of their ideas and the groundless paranoia of their detractors.

In the two presidential debates that focused heavily on the economy, there was not a single mention of the Federal Reserve. This is clearly worrisome since the U.S. central bank has a huge impact on the economy. With the Federal Reserve largely to blame for the recent financial meltdown and the rapidly declining value of the U.S. dollar, this is an important economic issue that the presidential candidates should be addressing.

Early this morning Mitt Romney announced that he has chosen House Budgetary Committee Chairman Paul Ryan as his running mate.  

With Ron Paul’s Federal Reserve Transparency Act overwhelmingly passing the House last week, the fight moves on to the Senate. Senator Rand Paul (R-KY) has introduced an identical bill, S. 202, in the Senate. According to the Library of Congress’ THOMAS website, the legislation currently has 23 (edit: now 27) cosponsors.

Great news: Ron Paul's Audit the Fed bill passed the House!  But this is where the hard work really begins. Senator Rand Paul (R-KY) has introduced a bill identical to H.R. 459 in the Senate. It's S. 202, the Federal Reserve Transparency Act of 2011. Senator Harry Reid (D-NV) vows not to put Audit the Fed to a vote in the Senate. 

Ron Paul's Audit the Fed bill passed the House today 327-98! Thank you to all those who contact their representatives to urge them to vote yes on H.R. 459!Click here to see the roll call and find out how your representative voted on this very important bill to increase the transparency of the Federal Reserve. Be sure to thank them if they voted yes.

House Majority Leader Eric Cantor recently announced his intention to bring Rep. Ron Paul's audit the Fed bill to a floor vote in July. According to the Library of Congress' THOMAS website, H.R. 459, the Federal Reserve Transparency Act of 2011, currently has 245 cosponsors. (edit: now 274!) FreedomWorks has identified 30 (edit: now 12!) Republican House members who have not cosponsored the audit the Fed bill.