I believe, by the way, that is part of what people are trying to get at with the audit.
I am proud of those. While we can make them more efficient, I am not prepared to maintain more and more military spendin...
to quote the chairman, it sometimes isn't.
Because when the Fed talks about independence, what they are really talking about is secrecy, not transparency.
You can't amend the Constitution by just saying we are going to create some secret group of individuals and banks.
We have had trouble for 5 years. The monetary system, you say this is not the be-all and end-all.
The most important, according to the way it is presented here, is what is going on in Europe.
I have, over the years, obviously been critical of what goes on in monetary policy.
This whole idea that they could regulate exchange rates and deal with the balance of payments totally failed.
And until we get to the bottom of this and restore the confidence, I don't think we are going to see economic growth.
It is really not an audit without this. It is still secrecy.