Posts Tagged ‘Federal Reserve Transparency Act’

Audit the Fed

Suppose you and ten friends have been mowing lawns all summer to be able to buy a boat together. You’ve been sweating in the hot sun since June and have a few more weeks to go until you return to school in September.

Two of your friends have no idea how to handle money, four are experts, and the others have varying degrees of financial know-how. It is clear that some of the money has already disappeared and that you’re not all equally committed to this boat idea. (more…)

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