END THE FED! Restore Economic Liberty and you restore Individual Liberty.

Mishkin and his ilk can rot for all I care. The only danger to the economy of a Fed Audit is the increased damage they will do to it to resist exposure and maintain thier control of the currency.

They create a wealth vacuum with inflationary policy, and then tell us this is good for the economy. “it’s growth” they say. B.S.! It’s growth in the same way a balloon “grows” when the air is sucked out of the room!

The Fed is a dog and pony show for organized thievery! Mishkin is a thief trying to tell us “nicely” that if we look too closely at the den of thieves, then there will be consequences.

“We’re going to get bad outcomes,” he said. “It’s not I think what the Congress wants.”

Is that a Threat or a Promise Professor?

People always assume that when these guys talk they are speaking for “the people.” Nothing could be further from the truth. An audit won’t be bad for us, it will be bad for HIM.

Mishkin is speaking for himself and his buddies. They like getting away with financial murder and any audit would be dangerous to THEM.

Oh well.

T R U T H – will TRULY set us free. Let us see what’s between the covers of their books. . .no hiding anymore and pretending they know what’s best for you and me. When the Federal Reserve books open – they will go down in flames. I am SO looking forward to that day.

The really good news, thanks to Congressman Paul, is that reality appears on the horizon, and getting closer by the hour.

Anyone in their right mind KNOWS that something is desperately wrong when an entity wants to stay shrouded in secrecy. There should be NOTHING they want to hide from Americans.

America needs a beacon of light to shine in on the darkness of the Federal Reserves books and accounting. . .NOW!

INFLATION is an increase in the quantity of money and credit. Its chief consequence is soaring prices. Therefore inflation—if we misuse the term to mean the rising prices themselves—is caused solely by printing more money. For this the government’s monetary policies are entirely responsible.

The most frequent reason for printing more money is the existence of an unbalanced budget. Unbalanced budgets are caused by extravagant expenditures which the government is unwilling or unable to pay for by raising corresponding tax revenues. The excessive expenditures are mainly the result of government efforts to redistribute wealth and income—in short, to force the productive to support the unproductive. This erodes the working incentives of both the productive and the unproductive.

THE CAUSES of inflation are not, as so often said, “multiple and complex,” but simply the result of printing too much money. There is no such thing as “cost-push” inflation. If, without an increase in the stock of money, wages or other costs are forced up, and producers try to pass these costs along by raising their selling prices, most of them will merely sell fewer goods. The result will be reduced output and loss of jobs. Higher costs can only be passed along in higher selling prices when consumers have more money to pay the higher prices.

Price controls cannot stop or slow down inflation. They always do harm. Price controls simply squeeze or wipe out profit margins, disrupt production, and lead to bottlenecks and shortages. All government price and wage control, or even “monitoring,” is merely an attempt by the politicians to shift the blame for inflation on to producers and sellers instead of their own monetary policies.

Prolonged inflation never “stimulates” the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment. Unemployment is mainly caused by excessive wage rates in some industries, brought about either by extortionate union demands, by minimum-wage laws (which keep teenagers and the unskilled out of jobs), or by prolonged and over generous unemployment insurance.

To avoid irreparable damage, the budget must be balanced at the earliest possible moment, and not in some sweet by-and-by. Balance must be brought about by slashing reckless spending, and not by increasing the tax burden that is already undermining incentives and production.

So please STOP the INSANITY!