ST Alpha - "And it's a bad thing to audit the Fed why? -- nm" (Reading a Post)

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In response to "Score 1 for the wingnuts! -- (link)" by znufrii

And it's a bad thing to audit the Fed why? -- nm

Posted by TWuG Nov 20 '09, 09:30

(No message)

Responses:

I don't think it's necessarily bad to audit any central bank, but it could be used as a tool to apply political pressure to an institution that's - mafic Nov 20, 09:34 3
- what's the worst that could happen, a total collapse of the banking system? :) -- nm - znufrii Nov 20, 09:38 2
  - I just think it's a bad idea to have all of congress second-guessing monetary policy, particularly since a lot of them don't know much of anything - mafic Nov 20, 09:53 1
    - From my reading of the linked article, there is a provision explicitly prohibiting any interference with monetary policy. - znufrii Nov 20, 09:56
well, because its power in supporting the political and economic establishment relies on nobody knowing what it's actually doing - znufrii Nov 20, 09:33

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