Tuesday, October 27, 2009

H.R. 1207

Even if you read nothing more than this paragraph of this article, it will be a good thing.

With its power over interest rates and the supply of U.S. dollars, the Federal Reserve System is the most influential economic institution on the planet. That influence comes surrounded by an impenetrable aura of mystery. Hardly anyone, citizen or congressman, completely understands what the Fed does, how it operates, or what the effects of its actions will be.

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