Thomas Woods’ H.R. 1207 Statement

Thomas Woods released his testimony for today’s H.R. 1207 (Audit the FED) hearing early on An especially good line:

If there is any truth to the idea of Fed independence, it lay in precisely this: the Fed may reward favored friends and constituencies with trillions of dollars in various kinds of assistance, while keeping the public completely in the dark. If that is the independence we’re talking about, no self-respecting American would hesitate for a moment to challenge it.

Read the entire statement here.

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