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

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.