The Federal Reserve is the central banking system of the US government. The main goal of the bank is to manage the US government’s money supply and stabilize the nation’s banks during panics and recessions. In 2015, Senator Rand Paul (R-KY) and Congressman Thomas Massie (R-KY) introduced the Federal Reserve Transparency Act of 2015 which would require the bank’s board of governors to conduct an audit and release it to Congress. An audit would determine if the accounting records the bank makes public are true and give Congress an insight into how the bank is run. Senator…
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@ISIDEWITH8yrs8Y
No, in order to stabilize our financial system, it must remain independent of Congressional oversight
@9GF9SPZ7mos7MO
Yes, congress shouldn't be allowed to control everything financial but how can you trust everyday people to look after the country's money?
@9FLTXFK8mos8MO
We have to know where our money is being spent in contrast to the budget that Congress is in charge of laying out so it is not outside of Congress's power to check its bank statement.
@9FLT5ST8mos8MO
When the federal reserve is not in sight and not monitored then this means that things can go untraced and money may be stolen and shipped under our noses.
@ISIDEWITH7yrs7Y
@3RVHJH44yrs4Y
The Federal Reserve shouldn't just be audited, they should be kicked out all together. They are unconstitutional.
@9DK79J39mos9MO
Yes, but I would prefer to abolish the Federal Reserve Bank and establish a economic system based on the labor of the American people.
@96GLZPQ2yrs2Y
Yes, but I would prefer to abolish it and establish a banking system that is based on the production and labor of the people.
@9D2WTGK10mos10MO
Yes, but I would prefer to abolish the Federal Reserve Bank.
@9C9RRLQ11mos11MO
Yes, but I would prefer to abolish it and establish an economic system based on the labor of the American people.
@9BVLJ451yr1Y
Yes, but I would prefer to abolish it and establish a economic system based on the labor of the people.
@973HS982yrs2Y
Yes, and nationalize all the banks
@972XDKH2yrs2Y
Yes, and nationalize banks
@Adalin2 days2D
Yes, but I would prefer to establish a fully backed standard, whether it is gold or a globally recognized cryptocurrency with an established market cap.
@9LSDZYL3wks3W
Let them work independently. Its how the economy runs. If things do mess up, then we can hold them accountable and then we all will fix it accordingly.
No, the audit should be conducted by an independent, non-governmental agency, with the results submitted in a report to Congress for review.
@9DH9H899mos9MO
Eliminate the Federal Reserve. We did just fine without it.
@95RFF492yrs2Y
It absolutely should be audited by a neutral and trusted third party in tandem with governmental audits.
@95P6HN42yrs2Y
Yes, but I would prefer to abolish it and establish a nationalize banking system with a nationalize monetary system.
@95NV9YX2yrs2Y
Yes, if it makes people happy and stop talking because they've been appeased.
@Chantern152yrs2Y
Yes, but with a bipartisan commission
@95K7BH72yrs2Y
Yes, but we should abolish the Federal Reserve Bank and move to nationalize both the central banking system and the monetary system.
@95HGBZJ2yrs2Y
Don’t know enough about it
@95G9WP62yrs2Y
I dont what a reserve bank is
@959K74L2yrs2Y
Yes, but I would prefer to abolish it and establish a banking system backed by the people's labor.
@954TN6W2yrs2Y
yes but under one condition don't get to carried away
@94VB3RJLibertarian2yrs2Y
No, and the Federal Reserve System should have its discretionary authority replaced with a law to increase the country's money stock by 3% per year
@94KQ9CZ2yrs2Y
Neutral, maybe by Congress and an independent party to check each other.
@8Z6TS76Republican2yrs2Y
Congress is not trust worthy either
@8Z2XTXN2yrs2Y
Yes, the Federal Reserve bank and all banks should be subject to random audits by the government to ensure the system is not being misused or giving money to anyone who would do harm to people.
@8YYWZ9H2yrs2Y
I am Neutral on this subject
@8YWJQY92yrs2Y
Yes, but I would prefer to switch to a resource based economy
@8YPLPBLRepublican2yrs2Y
Yes, and abolish it, and creat a true federal bank
@8Y4JF7X2yrs2Y
Yes, and the Federal Reserve Bank System should be nationalized.
@8Y43PSS2yrs2Y
Nationalize the Federal Reserve Bank System
@8XGC9HY2yrs2Y
Double edged sword too many possibilities of corruption
@8XFH5N6Libertarian2yrs2Y
Yes, but I would prefer to abolish it and use goods to back currency
@8X883ZZRepublican3yrs3Y
No, I don’t trust Congress to do anything beyond holding to their party’s line. Abolish it and return to the gold standard.
@8WMN7WF3yrs3Y
Yes, I would prefer to abolish the Federal Reserve and decentralize the economy. Also, reimplement the gold standard and sliver as alternative currencies.
Yes, perhaps in some cases but it should remain independent and we should look into returning to the gold standard
@8LTVP6BIndependent4yrs4Y
I don't really have any background information on this and I don't really understand it fully so I don't think that I should have an opinion on this yet.
@8LSTXQ94yrs4Y
No, it should be seized and folded into the treasury
@8LR8JJ24yrs4Y
@8LLXZ9T4yrs4Y
Probably should be audited by more than one branch.
@8LKPM6T4yrs4Y
No, have you seen some of those in Congress that would be in charge of that. They would protect their own.
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