Transparency and the Federal Reserve

It is about time that the Federal Reserve is audited to continue the trend of full transparency of the government. H.R. 1207 was introduced by Rep. Ron Paul (R-Texas) to bring full transparency to the Federal Reserve, and this bill has 245 cosponsors to date (including Reps. Rob Wittman, Randy Forbes, Bob Goodlatte, Frank Wolf, and Tom Perriello of Virginia).

Listen to Paul’s comments from a recent Cato Institute event, where he further discussed his initiative to bring transparency to an agency that, in my opinion, needs to be abolished. Bringing transparency to this agency is a good start.