Is Fed Independence Good?

This article appearing recently at the Huffington Post by James Bacchus, a "former member of Congress," is noteworthy because it musters all the arguments against a Federal Reserve audit and, generally, Fed transparency. While Ron Paul (R-Tex) and others have been calling for an audit of the Fed, various defenders of the Fed's business as usual are mustering any defense they can to retain the "independence" of the said agency.

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