Wednesday, July 29, 2009
In a sign of the growing movement to end the Fed, the bastion of the economic status quo - the Wall Street Journal - published an OpEd today entitled "Let's Break Up the Fed" and subtitled "The Federal Reserve has done a terrible job at financial regulation. Why give it more power?".
Given that a new new Rasmussen poll shows that 75% of Americans want to audit the Fed, and a new Gallup poll shows that American's trust in the Fed has plummeted, and that Ron Paul's bill to audit the Fed has at least 276 co-sponsors in the House, and 19 co-sponsors in the Senate, even Bernanke's charm offensive doesn't seem to be working very well.