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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Leaning Left0Leaning Right6Center1Last Updated2 months agoBias Distribution86% Right