“The Fed’s vaunted independence is a myth; largely created by Fed officials and its Wall Street/financial sector supporters who benefit from its lack of transparency. The Fed is intended to be independent from the Treasury Department, but never from Congress. Indeed, the Fed remains subject to full oversight and regulation by Congress — up to and including abolishing the Fed altogether!”
http://www.campaignforliberty.org/profile/7786/blog/2012/08/08/wrong-side-history
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