Educating about the FedSubmitted by ultimation on Thu, 07/26/2012 - 10:04
I've been announcing the passage of H.R. 459 Federal Reserve Transparency Act of 2011 about as often as I say hello since yesterday afternoon.
What I haven't been doing, however, is going into a whole lot of detail as to WHY this is such a big deal. I know and understand that it is. I work in the IT department of a federally chartered credit union, and trust me, I KNOW that every little thing we do gets audited. Down to our system of managing Windows OS updates.
I usually just say that, since all us financial institutions get audited with crazy amounts of scrutiny, doesn't it make sense that the LARGEST financial institution in the land should get one, too? Sometimes people respond with things like, "Well so, what? What's that going to do?" "How is this going to change my life?"
I don't have a very good answer for them because I lack education on the topic myself. Should I just buy Dr. Paul's book End the Fed? Is there a sort of "primer" on the issue online somewhere? Thanks for any help!