Thomas Massie’s Audit the Fed Bill Gains More Traction

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Jun 9, 2022

As inflation rages across the economy, Americans are rightfully angry with the way the Biden regime has mismanaged the economy. Now comes the million dollar question. 

What’s the solution to this economic predicament? Ideally, we would abolish the Federal Reserve and allow for competing currencies to flourish.

Unfortunately, we’re shackled by the harsh realities of politics. So we must pursue gradual reforms. The good news is that Kentucky Congressman Thomas Massie has embraced this challenge by introducing HR 24 a bill that would audit the Federal Reserve. He originally introduced this bill on January 4, 2021.

On June 8, 2022, Arkansas Congressman Rick Crawford became a co-sponsor of HR 24.

Massie tweeted, “Thank you to @RepRickCrawford for cosponsoring my bill to audit the Federal Reserve, HR 24. The American people benefit when we work to increase government transparency.”

As of June 9, 2022, HR 24 has 66 co-sponsors.

If there’s one economic issue that should concern right wing populists, it’s inflation. Inflation is the product of loose monetary policies and other mechanisms that central banks have access to. That’s one of the many dangers of having a central bank in existence. Former Congressman Ron Paul understood this and got the ball rolling by introducing his own Audit the Fed legislation while he was in Congress.

Massie has embraced this sound money mantle, which appears to be gaining more traction as inflation reaches alarming rates. 

The typical Conservatism Inc. route consists of investing large amounts of political capital on marginal tax reforms whose small benefits will be wiped away by inflation and excessive regulation. Instead, right-wing populists should focus more on monetary policy. 

Massie’s bill is a good first step in exposing the Fed and defanging it in the long term.

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