House panel passes bill to audit the Fed

A House panel on Tuesday approved legislation that would let a government watchdog audit the Federal Reserve’s monetary policy decisions, a move bitterly opposed by the central bank.

The House Committee on oversight and government reform passed the measure by voice vote after roughly 30 minutes of debate.

The bill was the brainchild of Ron Paul, the former House Republican and libertarian presidential candidate and sharp critic of the U.S. monetary policy. Versions of the bill have twice passed the House by wide margins but then stalled due to lack of support from Democrats in the Senate and the Obama administration.

I hope they can get this bill passed now that Trump is in office. Rand Paul has a similar bill in the Senate and has a better change of passing with both houses controlled by the Republicans but he still has the huddle of getting the neo-cons to go along with the bill. The bill would allow congress to look at the book of the Federal Reserve and see what they've been doing with the trillions of dollars created out of thin air.

http://www.marketwatch.com/story/house-panel-passes-bill-to-audit-the-fed-2017-03-28