Money is the basis of every transaction we make, and is therefore one of the most crucial elements in maintaining a strong economy. It is therefore vital that we preserve sound money that is not subject to sudden fluctuations in value. That’s why we support the freedom of Americans to use anything they like as money, and the power of free markets to set interest rates instead of the central authority of the Federal Reserve.
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Imagine if you will, you're just an everyday a socialist in training. You are trying your hardest to take over the what was once the greatest engine for job creation and innovation in the world- the US economy, by using government and overall federal coercion as your grand method. How would you hid this scheme to steal America? The greatest case of grand theft in all of history is occurring right before your eyes.
Following an unsuccessful procedural vote in the Senate on Sen. Rand Paul’s Federal Reserve Transparency Act, FreedomWorks Legislative Affairs Manager Josh Withrow commented:
As one of our over 6.9 million FreedomWorks activists nationwide, I urge you to contact your Senators and ask them to vote YES on the Federal Reserve Transparency Act of 2015, S. 2232. This 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.
On January 12, the Federal Reserve Transparency Act (S. 2232) is scheduled for a vote in the Senate. Authorizing review by the Governmental Accountability Office of our nation’s monetary policy, the bill was introduced by Sen. Rand Paul (R-Ky.). But the bill’s final vote is arguably due to the legacy of the Senator’s father, former Rep. Ron Paul (R-Tex.), who championed the causes of sound money and central bank transparency over his 12-term career in Congress. Dr. Paul is the subject of this week’s Profiles in Liberty.
On Tuesday, Sen. Rand Paul will finally secure a Senate vote on his perennially authored bill to audit the Federal Reserve Bank of the United States. This is a bill that has been offered by Paul, and by his father Ron Paul before him, every year since 2009, but this will be the first time the Senate has actually voted on it.
Ahead of a scheduled vote in the Senate on Sen. Rand Paul’s Federal Reserve Transparency Act (S. 2232), FreedomWorks Legislative Affairs Manager Josh Withrow commented:
Ben Bernanke’s new memoir, The Courage to Act, begins straightaway with a false premise. The first sentence of the book reads: “In all crises, there are those who act and those who fear to act.” The statement presupposes that action must always be good, and inaction must always be the result of fear.
Following the reintroduction of the Federal Reserve Transparency Act by Senator Rand Paul (R-KY) in the Senate using a procedural move to bypass committee, FreedomWorks Legislative Affairs Manager Josh Withrow commented:
Bubble, bubble, toil and trouble. That might as well be the new theme for the American economy. Washington, the White House, Congress, housing agencies, and the Fed, none of them have learned from the housing bubble of 2007-08.