The most secretive, least accountable institution tied to the U.S. government is not the CIA, DIA or NSA. Those clandestine agencies are subject to at least some Congressional oversight. Not so the Federal Reserve, which, since its creation in 1913, has been the most opaque institution in the land, despite the power it wields over interest rates and the money supply—indeed, over our whole economy. Now that the economy is mired in a crisis that some say might become a second Great Depression, it’s high time to shed some light on the central bank.
In my capacity as Coalition Development Consultant for the Campaign for Liberty, I helped to organize a briefing on the federal reserve and the lack of transparency around its activities which was held on March 25th 2009. I have included Andrew Ward's blog on the briefing below. As of today. June 2nd 2009, there are 179 co-sponsors of H.R. 1207 and now we are working to get R co-sponsorship of the Senate version.
Our mission is to promote and defend the great American principles of individual liberty, constitutional government, sound money, free markets, and a noninterventionist foreign policy, by means of educational and political activity.
I start this coming week (January 2009) as the Campaign for Liberty's new coalition development consultant. I will be helping to expand the campaign into multiple transpartisan coalitions including one's dealing with civil liberties and foreign policy.