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Published 26 days ago

Thomas Massie introduces bills to audit, abolish the Federal Reserve

  • H.R. 8421, the Federal Reserve Board Abolition Act, aims to dismantle the Federal Reserve System by abolishing its Board of Governors and banks, as per a statement seen by Benzinga.
  • Americans are suffering from inflation attributed to the Federal Reserve, according to Massie, who supports the Act and blames the institution for devaluing the dollar.
  • The Federal Reserve's actions during COVID, including creating money and loaning to the Treasury Department, are seen as enabling deficit spending and causing high inflation.
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