In his weekly column, congressman Ron Paul addresses the real reasons for the Federal Reserve secrecy: the people at the Fed don’t want to expose their sweetheart deals to banks who return the favor with jobs and “who-knows-what favors” later on. Plenty of people leave central banks to take cushy jobs at the banks that receive central bank giveaways and low interest loans.
Ron Paul’s attacks on the Fed are getting more and more honest. The Fed is a corrupt institution created to provide unlimited money to politicians to spend on government programs and to bankers to spend on anything they want.
An audit would make people realize that, while Bernie Madoff defrauded a lot of investors for a lot of money, the Fed has defrauded every one of us by destroying the value of our money.