The Federal Reserve is Not Your Friend

Rand Paul and investor Mark Spitznagel have an op-ed from Reason that talks about how the Federal Reserve’s policies benefit the wealthy and Wall Street at the expense of the average American.

When it comes to money, politicians are often seen as the least trustworthy. But in the debate over income and wealth inequality, few people point the finger at the biggest benefactor of the wheeler dealer crony capitalists: the Federal Reserve. The nation’s central bank, which regulates all other banks and has the power to create money simply by buying assets, should be under the utmost scrutiny.

With today’s stock market slump and the Fed’s continued pursuit of artificially low interest rates, now more than ever is the time to pass Audit the Fed.