Insta-Millard: Greenspan explains why and how Fed is accountable


A group of people, including a lot of the acolytes of Ron Paul, claim the Federal Reserve Bank system is a renegade organization, unaccountable to anyone.

Alan Greenspan, by the late, very great David Levine

Alan Greenspan, by the late, very great David Levine

Turns out that Ron Paul actually had the guts to ask Fed Chair Alan Greenspan about that.  Greenspan’s answer is worth watching, and hearing.

It was on CSPAN-2, so you probably didn’t see it.  Not the sort of thing Fox likes to run over, and over, and over again, to distraction.

Still looking for  video of Greenspan explaining the annual Fed audits that Ron Paul claims don’t exist . . .

http://twitter.com/StephanieKelton/status/450353383136698368

 

This entry was posted on Wednesday, April 30th, 2014 at 3:00 pm and is filed under Economics, Federal Reserve Bank, History. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to Insta-Millard: Greenspan explains why and how Fed is accountable

  1. Sarah says:
    May 24, 2014 at 9:33 am

    Yep it’s ridiculous how problems similar to this one begin looking extremely trivial compared to the world news. The next section of the cold war, the actual actual war that erupts, Russia-China gas offer axis… However here we’re with this social media dilemmas, – will we notice the world has modified? I’m not stating everything you write about is inconsequential, I’m indicating that the certain level of detachment is healthful. Thanks, Sarah @ http://phyto-renew350e.com/

    Like

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