antagon
The Man
- Dec 6, 2009
- 3,572
- 295
- 48
Would you be in favor of auditing the Fed? The lack of transparency, particularly at the New York Fed, leads me to believe the financial playing field in anything but level.
Just recently the Valukas report on the Lehman bankruptcy raises the possibility that the New York Fed, and Timothy Geithner, "...were at a minimum massively derelict in the performance of their duties, and may well be culpable in aiding and abetting Lehman in accounting fraud and Sarbox violations."
In this economic system the money seems to be absorbed into fewer and fewer hands with each passing generation. Soon being smarter than your competitor won't be enough to survive.
if a public audit would give rise to international scrutiny of the dollar and other aspects of our monetary policy, which it likely will, than mere competition between businesses trading goods and services for dollars would be compromised. im not one for rocking the boat i make my living on at the behest of some opportunist economists who make their living getting you riled up.
do you see the other major central banks getting these audits? are you american?