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Arjun Srivastava's Library

The Case Against the Fed
Murray Newton Rothbard

Cover

The Case Against the Fed

Description

Rating: ****

Tags: Business & Economics, General, Lang:en

Publisher: Ludwig von Mies Institute, Auburn University

Added: March 28, 2020

Modified: November 5, 2021

Summary

"By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of the covert activities. It is little known that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows or, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation's vital monetary system, is accountable to nobody--and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue"--Page 4 of cover.