Gov. Johnson Applauds House of Representatives for Voting for “Audit the Fed”July 25, 2012Posted in Blog, News
GOV. GARY JOHNSON APPLAUDS HOUSE OF REPRESENTATIVES FOR VOTING TO HELP BRING THE FED OUT FROM BEHIND CLOSED DOORS
July 25, 2012, New York City – Calling it a “long overdue step toward the Federal Reserve transparency we deserve”, presidential candidate and former New Mexico Governor Gary Johnson applauded today’s vote in the U.S. House to approve Congressman Ron Paul’s Federal Reserve Transparency Act.
In a statement, Johnson said, “Since the Federal Reserve was created in 1913, the dollar has lost 97 percent of its value. And in recent years, the Fed’s attempts to ‘stimulate’ the economy by essentially creating new dollars out of thin air are threatening the very currency they are supposed to be protecting. Yet, they have operated for almost 100 years behind closed doors with a ‘don’t ask, don’t tell’ approach to controlling our money.
“Congressman Ron Paul has been far ahead of the rest of Congress on this issue for many years. It is truly gratifying that, finally, a majority of House Members have heeded his calls for Fed transparency. Now, it is time for the Senate and the White House to do the same.
“As the Federal Reserve exercises massive power over the value of Americans’ money and assets, it is only right that we have a reasonable opportunity to see what they are doing and why they are doing it.”