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Source link: http://archive.mises.org/11212/a-note-on-the-independence-of-the-fed/

A Note on the Independence of the Fed

December 10, 2009 by

Congressmen Ron Paul and Alan Grayson seek to bring more transparency and accountability to the U.S. central bank and “to subject the Fed’s monetary policy and discount-lending actions to an audit by the Government Accounting Office (GAO).” See the full letter and sign below (include affiliation please) in support


Neil Silver December 13, 2009 at 10:45 am

My heart and mind are on your side.
It is time…

Dennis Spain December 13, 2009 at 11:36 pm

I support this letter. The current fractional-reserve banking system of a fiat, debt-based money is the cancer eating the planet. The Bank of England model for banking, established in 1694, has reached its zenith and hopefully, with the widespread understanding promoted by the internet, will be shunned and replaced by a private internet banking system based on 100% gold reserves.

Marion McCoskey December 14, 2009 at 12:32 am

It’s been a long time since so many people payed so much attention to basic economic theory. That is a good thing.

End the fed. Shrink the government.

Freedom works. Authoritarianism doesn’t work, even for the authoritarians.

John Alluisi December 14, 2009 at 2:08 am

I fully support this letter.

John Alluisi
An individual who understands the import of sound money to the maintenance of individual liberty.

Cameron Belt December 14, 2009 at 2:24 am

I fully support this letter.

Cameron M Belt

Economics, History, and Philosophy Undergrad
University of Nevada

Libertarian, Austrian Economist to be

Dr. Robert Harris December 14, 2009 at 3:42 am

I fully support this letter and the fight for liberty embodied by the Mises Institute (tu ne cede malis).

Dr. Robert Harris
Perth, Western Australia.

Jay Lakner December 14, 2009 at 4:22 am

It’s good to see another West Australian on this site.
I thought I was the only one.

Oh yeah, and I support the letter.

Jay Lakner
Perth, Western Australia.

Tudor Smirna December 14, 2009 at 4:24 am

I fully support the letter.

Tudor Smirna
The Mises Institute in Romania

Joe S. Sanders December 14, 2009 at 8:21 am

I fully support this letter.

Thomas Andrew Olson December 14, 2009 at 8:46 am

I fully support this letter.

Christina Dambra December 14, 2009 at 9:56 am

I fully support this letter. As well as fully supporting the Mises Institute and Austrian economic FACTS!!!

Larry Gies December 14, 2009 at 10:36 am

I fully support this letter.

Don Cooper December 14, 2009 at 1:25 pm


Don Cooper
Economist and Editor Qaoss.com

Dan Webb December 14, 2009 at 1:47 pm

I fully support this letter.

Airborne Systems Engineer, USAF

R Gary Mesch December 14, 2009 at 2:24 pm

I fully support this letter ” A Note on Independence of the Fed”

Gary Mesch
entrepeneur, investor, producer, chairman

Charles R Sebrell December 14, 2009 at 2:36 pm

I support this letter without reservation.

Saran Eswaran December 14, 2009 at 3:34 pm

I support this letter without reservation or concession.

Dave Neu December 14, 2009 at 4:00 pm

You’ve got my total support. The FED must end. It has served only two things:

1) The banking elite
2) Almost total debasement of the Dollar

The power of Gun-vermin is no longer provided by the people, it’s provided by the FED.

Derek Ellerman December 14, 2009 at 8:37 pm

It amazes me that ‘economists’ in an allegedly capitalist society continually ignore the role of capital in the economy.

Far from being any source of stability, central banking, in keeping with economic theory, has caused WILD instability and constant redistribution from producers to looters.

I am fully in support of this statement, even with its decidedly weak statement when compared to such an egregious situation.

Derek Ellerman
University of Wisconsin – Green Bay

Peter Canning December 14, 2009 at 8:55 pm

I support this letter.

marxbites December 14, 2009 at 9:53 pm

I fully support “A Note on the Independence of the Fed” bt prof Hulsmann as well as the FED audit and its abolishment.

The Mississippi & South Seas paper bubbles were the very catastrophes that informed the Framer’s decision to make only gold and silver America’s monies, for unlike men’s paper, they were universally trusted.

Fiat money is the mother of empire, standing armies, debt and taxes, and wars for special interest profits.

No peoples voluntarily accept fiat – it is always by dint of coercion – war finance it’s perpetual excuse. A theft of interest expense and debasement by pure edict NO other industry enjoys.

Greenspan nailed it before fame and fortune won his complicity and silence:


‘Nuff said.

Glenn Holzer
UofF BCN 1982
Self employed Building Contractor – repeated victim of the Federal Reserve misnomered “business” cycle whipsaw of impoverishment, debasement (inflation) and the gigantic exponentially growing debt interest and the debt.

James M. Ray December 15, 2009 at 12:14 pm

I fully support this letter.

I wish I had a bunch of economics credentials, but I don’t. All I can say is that ONLY Austrians make sense to me, even if government schools hate ‘em, so those are the economists I like.

Bogdan Herzog December 15, 2009 at 4:07 pm

Full support for Senator Paul, one of the few sincere politicians a voice for freedom in our times.

Adam Graves December 26, 2009 at 10:42 pm

I support this letter.

Adam Graves
The best looking guy on his street.
Or at least a few houses down.

Lee Killough March 11, 2010 at 6:38 am

I support this letter, albeit belatedly…

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