I note that my Congresswoman, Michele Bachmann, is currently exercised over the degree of financial control held by the Fed, having signed on as co-sponsor of H.R. 1207, a bill from Ron Paul calling for an audit of the Fed. I'll say more about this later: I've devoted much of my research to the topic of central bank independence. (Some sample of that research here.) I have much to write and grade right now, but it's on my list. In the meantime, I'll give you a link to a precursor to Paul, fellow Texan Wright Patman. Who was, by the way, a Democrat. Federal Reserve policy has gotten to a weird place when Paul Craig Roberts shows up in Counterpunch.

Anyway, later for that. Much more to discuss here.

Labels: economics, Federal Reserve