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Congress Must Audit the Fed

Author : Adam Bitely Published: May 19th, 2009

From C4L: On May 5, Rep. Alan Grayson (D-FL) grilled Federal Reserve inspector general Elizabeth Coleman.  What knowledge did she have of Bloomberg's report that the Fed had made trillions of dollars in off-balance sheet transactions?  Did she know who received the trillion dollars that was added to the Fed's balance sheets since last [...]

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“If the federal government has the exclusive right to judge the extent of its own powers, warned the Kentucky and Virginia resolutions’ authors (James Madison and Thomas Jefferson, respectively), it will continue to grow – regardless of elections, the separation of powers, and other much-touted limits on government power.” ~ Thomas E. Woods

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