Deficits, Dollar, Federal Reserve, Individual v. Collective, Live and Learn, Taxes, Trust

Is Anyone Minding the Store at the Federal Reserve… Apparently Not

Democratic Congressman Alan Grayson has been tearing up popular YouTube videos of Congressional hearings (I find it a strange, but good sign, these kinds of videos are becoming so popular). Here he asks, “where have all the trillions gone?” Hell if the Federal Reserve knows.

Perhaps this is why H.R. 1207, the bill introduced by Congressman Ron Paul, has garnered support of 282 cosponsors. The Federal Reserve, for the first time, hired a lobbyist at taxpayer expense, whose previous experience included work for Enron. It appears to have at least slowed down the bill’s momentum; however, a new Rasmussen poll states that 75% of the American people want the Fed to be audited. Here’s hoping they get their wish…

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