Robert Higgs, senior fellow at the Independent Institute and author of Depression, War, and Cold War: Challenging the Myths of Conflict and Prosperity, discusses the skin deep congressional support for the “audit the Fed” bill, the need to eliminate rather than curtail the Federal Reserve System, why prediction of the dollar’s imminent demise are probably premature, overly optimistic Fed announcements about financial recovery and the difference between the public statements and private candor of government officials.
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