Coincidentally, that same night, Dr. Paul is holding a student town hall at the University of Minnesota to discuss issues like this one. And, I’m honored to have the opportunity to speak at it as well. Congress is spending away these students’ future, and they need to be a part of this dialogue.
As a precursor to that hearing and that town hall, we get word today that the Federal Reserve has "rejected a request by Treasury Secretary Geithner for a public review of the central bank’s structure and governance."
Our government's spending and printing money like it’s being used for a board game, and we're bailing out Wall Street and Detroit to the tune of billions of dollars, the least the Federal Reserve can do is open up their doors a crack so taxpayers can take a peek at what they're doing with our money.
As it stands now, the Federal Reserve has very little, if any, accountability to the taxpayer. In the wake of Enron, Congress required corporate America to open its books to their shareholders, yet the Federal Reserve keeps the taxpayers in the dark. They need to be held to the same standard. It's simply common sense.