House passes Audit the Fed bill.

[Atlas Has Shrugged]

This has been an immaculate day for the Liberty Movement

[Atlas Has Shrugged]

If the Fed really is secretly monetizing debt, why would we be better off knowing? Wouldn't that just cause inflation?

So you would rather remain ignorant and have everything blow up in our faces much, much harder?

I would rather remain ignorant in the hope that it doesn't blow up at all. And why should it blow up? It's not like we have an inflation problem at the moment--and in this case the long run doesn't matter because the Fed can just change its policy if this changes--so why mess with it? If the Fed is, we're just getting a free stimulus. I know this sounds backwards and wrong to a lot of people, but neither money nor gold have an objective value; both are worth whatever people think they're worth. If the Fed's printing too much money and pumping it into the economy, as long as no one knows, who cares? But if we all find out, then the everyone will start devaluing our currency much more. And maybe the Fed really is just adding 2% each year like they're supposed it. But if they're not I for one don't want us to know it.

This isn't an ideological view. I'm just worried we're going to create an inflationary economic mess for no reason.

Some libertarians believe there's, uh, magical secret hyperinflation going on, we just haven't noticed yet.

It's not that it is happening-it's that it has happened, and could happen.