Home » Thomas Massie introduces bills to audit, abolish the Federal Reserve

Thomas Massie introduces bills to audit, abolish the Federal Reserve

Thomas Massie introduces bills to audit, abolish the Federal Reserve  Fox News

EconomistHughJohnsonreactstostocksrallyinginhopesofratecutsonYourWorld. Rep.ThomasMassie,R-Ky.,hasintroducedlegislationthatseekstoendtheFederalReserve–whichhasoperatedasthenation’scentralbankingsystemsinceitwascreatedmorethan110yearsago. H.R.8421,the FederalReserveBoardAbolitionAct,abolishes theBoardofGovernorsoftheFederalReserveanditsbanks.Italso repeals theFederal ReserveAct,the 1913 lawthatcreated theFederalReserveSystem. Inannouncingthemove,MassiesaidAmericanswouldbebetteroffwithout“theFed”andblameditforrapidinflationanddevaluingthedollar.  USEMPLOYERSSCALEDBACKHIRINGINAPRIL.HOWTHATCOULDLETTHEFEDCUTINTERESTRATES Rep.ThomasMassie,R-Ky.,hasintroducedlegislationthatseekstoendtheFederalReserve–whichhasoperatedasthenation’scentralbankingsystemsince1913.(AlDrago/BloombergviaGettyImages,left,ANDYJACOBSOHN/AFPviaGettyImages,bottomright,BrooksKraft/GettyImages,topright. ) “Americ