Campaign For Liberty — "More Than Half of Americans Want Fed Reined In or Abolished"

Campaign For Liberty — "More Than Half of Americans Want Fed Reined In or Abolished"

Posted by Matt Hawes on 12/09/10 2:49 PM Last updated 12/09/10 2:42 PM [Older: Ron Paul Interview]

Fresh on the heels of the game-changing news that Ron Paul will take over the House Subcommittee on Domestic Monetary Policy in the 112th Congress comes a Bloomberg article reporting that the number of people who think the Fed should be reined in or completely abolished is growing.

Americans across the political spectrum say the Fed shouldn't retain its current structure of independence. Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39 percent said it should be held more accountable and 16 percent that it should be abolished. Only 37 percent favor the status quo....

In an October poll, 8% supported eliminating the Fed. Double the support in only two months! Of course, as the article acknowledges, this has a lot to do with the Fed's power grabs in that time, including their move to buy $600 billion worth of government securities.

Even just two years ago, the progress we've already seen was unimaginable. Thanks to Campaign for Liberty members, cracking down on the Fed is now a mainstream topic of conversation, and Congressman Paul will be in a better position than ever before to push his thorough audit legislation. If we continue on with the same passion and dedication we've given this effort so far, we can add more Americans to our ranks and win this fight. The momentum is ours!