Last week, the American people were finally informed on what the Federal Reserve has done with some of their money behind closed doors. It was revealed that one of the largest recipients of the Fed’s money was foreign banks during the 2008 economic downturn. We can’t say that we’re surprised. The Fed fought tooth and nail to keep these documents secret for a reason.

Since the Federal Reserve opened its doors in 1914, it has never been audited. It remains the most secret and least accountable operation of the federal government. Our dollar has lost 97 percent of its value since its creation. Rep. Ron Paul (R-TX) and Sen. Rand Paul (R-KY) have both introduced the Federal Reserve Transparency Act of 2011. The Federal Reserve Transparency Act would eliminate the current audit restrictions placed on the Government Accountability Office (GAO) and require a full and thorough audit of the Federal Reserve.

Americans are feeling the pain at the pump and the grocery store. In just the past month alone, gasoline prices have soared by 13.7 percent. The average price of a gallon of gasoline stands at $3.56. Food prices rose 3.9 percent last month which is the largest gain since November 1974. Most politicians have placed the blame on everyone but themselves. The policies of the U.S.

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.

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.

Today FreedomWorks co-hosted a discussion panel with the Atlas Foundation on Capitol Hill entitled “Sound Money and America’s Global Economic Leadership”. The panel featured Dr. Judy Shelton of Atlas Foundation, Atlas Foundation President Alex Chafuen, Professor Lawrence White of George Mason University, Congressman Mike Pence (R-IN) and Congressman Paul Ryan (R-WI).

Stanford economics professor and creator of the Taylor Rule, John Taylor, had an interesting article in the Financial Times on Tuesday.  He explores options for government to find a way out of its monstrous debt and what effects those options might have on the United States' credit rating and tax burden.  He writes,