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Even the Wall Street Journal Says “Break up the Fed”

Posted By admin On July 29, 2009 @ 12:40 pm In Commentary | Comments Disabled

George Washington Blog [1]
Wednesday, July 29, 2009

In a sign of the growing movement to end the Fed, the bastion of the economic status quo – the Wall Street Journal – published [2] an OpEd today entitled “Let’s Break Up the Fed” and subtitled “The Federal Reserve has done a terrible job at financial regulation. Why give it more power?”.

Given that a new Gallup poll [3] shows that American’s trust in the Fed has plummeted, and that Ron Paul’s bill to audit the Fed has at least 276 co-sponsors [4] in the House, and 19 co-sponsors in the Senate, even Bernanke’s charm offensive [5] doesn’t seem to be working very well.


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URLs in this post:

[1] George Washington Blog: http://www.washingtonsblog.com/2009/07/even-wall-street-journal-says-break-up.html

[2] published: http://online.wsj.com/article/SB10001424052970203946904574300263148640896.html

[3] Gallup poll: http://hosted.ap.org/dynamic/stories/U/US_RATING_THE_FED?SITE=CADIU&SECTION=HOME&TEMPLATE=DEFAULT

[4] 276 co-sponsors: http://www.ronpaul.com/2009-07-21/ron-pauls-bill-to-audit-the-federal-reserve-now-has-275-co-sponsors-in-the-house-and-17-co-sponsors-in-the-senate/

[5] Bernanke’s charm offensive: http://www.washingtonsblog.com/2009/06/federal-reserve-to-hire-ex-enron.html

[6] Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5

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