Wednesday, February 18, 2015
Elizabeth Warren And Sherrod Brown Fight Fed Audit, Foreclosure Transparency
http://www.huffingtonpost.com/2015/02/17/elizabeth-warren-rand-paul-federal-reserve_n_6699820.html DUE 23 FEB 2015. What is the purpose of the bill proposed by Rand Paul? Why are Democrats opposed to it? What do economists like Paul Krugman think about the bill?? What do you think: should the FED be audited or should the FED be independent of Congressional meddling? Why or why not?
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The bill proposed by Senator Rand Paul is meant to audit both the Federal monetary policy operations and millions of foreclosures. This bill could account for the widespread abuse that banks used against homeowners in the aftermath of the financial crisis. Democrats, including Senator Elizabeth Warren and her fellow financial report advocate Senator Sherrod Brown, disagree with Rand's bill claiming, "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy". Democrats agree with regulating the Fed's operations more closely, but feel as though they should draw the line at monetary policy. Economist like Paul Krugman and Mike Konczal argue that the audit would, "empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy". Krugman feels as though Republicans have spent years warning of inflation that the Fed's monetary policy activities will make it more difficult for the Fed's to do their job. Based on the Fed being the world's most powerful economic institution with its monetary policy as its strongest weapon, I disagree with Senator Rand Paul, yet agree with Senator Elizabeth Warren. The Fed should be independent of Congressional meddling due to its tremendous influence over United States growth. Keeping in mind the people of our nation, as all Senators should, Warren states, "Families get pennies on the dollar in this settlement for having been the victims of illegal activities or mistakes in the bank’s activities... And you now know individual cases where the banks violated the law, and you're not going to tell the homeowners?".
ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are opposed to this bill because it would for the first time provide a public accounting of the central bank's monetary policy maneuvers and its transactions with foreign central banks. "I oppose the modern version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy," Warren said in a statement. The New York Times' Paul Krugman and the Roosevelt Institute's Mike Konczal have argued that Paul's Fed audit would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy. Paul and plenty of other Republicans spent years warning that great inflation was right around the corner. I believe the Federal Reserve System should be independent of congressional meddling because it was founded independently.
ReplyDeleteWhat is the purpose of the bill proposed by Rand Paul? Why are Democrats opposed to it? What do economists like Paul Krugman think about the bill?? What do you think: should the FED be audited or should the FED be independent of Congressional meddling? Why or why not?
ReplyDeleteRecently, Ran Paul proposed a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. The Democrats are obviously opposed because although they are all for a government that is involved, they draw the line at monetary policy. Official Paul Krugman and Mike Konczal have said that Paul's Fed audit would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy. I think the Federal Reserve should remain an independent entity from the government because if the government tried to gain control, they would only abuse their power and distribute money for the wrong reasons.
Senator Rand Paul presented a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are against this bill because they believe that it promotes congressional meddling in the Fed's monetary policy decisions which could have dangerous implication to the financial stability and health of the global economy.Economist like Paul Krugman think that this bill could ultimately damage the economy. Economist also think that giving Rand Paul and other republicans the information about the Federal Reserve's monetary policy activities will only make it's job harder to do. Personally I do not think that the Fed should be audited, it should be independent of congressional meddling. The Fed is the most powerful economic institution of the United States, it would be troublesome if a republican congress were to regulate it.
ReplyDeleteThe bill Paul proposed was to audit the Federal Reserve's monetary policy operations and millions of foreclosures. Many Democrats are opposed to it because it promotes congressional meddling in Fed's monetary policy decisions, that risks those decisions and may have dangerous implications for financial stability and health of the global economy. Paul Krugman and other economists believe it would empower crazy ideas about monetary policy. In my opinion the Fed should be independent of Congressional Meddling. The bill would make the Fed's job harder than it is. Plus many Democrats are not going to allow the bill to be passed. The Fed is a powerful economic institution, and its monetary policy is its strongest tools, that set interest rates that have influence over U.S. growth, inflation, and prices of key assets. It's arrangements with foreign central banks and government give it an important role in foreign policy.
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ReplyDeleteRecently, Senator Rand Paul authorized a bill that progressive senators are not too excited about. The purpose of the bill proposed by Senator Rand Paul was to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. The Democrat’s strong dislike of the bill could potentially limit the ability for public transparency surrounding the abuse of banks towards homeowners after the financial crisis. Democrats, specifically Senator Elizabeth Warren and Senator Sherrod Brown, are opposed to Rand Paul’s proposal because it would be the first time a public accounting of the central bank’s monetary policy would be provided. Meghan Dubyak, a spokeswoman, said “… he does not see how this legislation will benefit working Americans." Economists like Paul Krugman believe that this bill could “ultimately damage the economy.” In my opinion, the Fed should be audited because the bill would eliminate restrictions on Government Accountability Office audits of the Federal Reserve. Also, it would allow Congress to oversee credit facilities, purchased securities, etc.
Rand Paul is an American physician and politician from the Commonwealth of Kentucky. He was in office since 2011, and Paul currently serves in the United States Senate as a member of the Republican Party. The purpose of the bill that Rand Paul proposed is meant to audit both the Federal monetary policy operations and millions of foreclosures. It could doom any chance for public transparency surrounding the widespread abuse that banks deployed against homeowners. Senator Elizabeth Warren, and Senator Sherrod Brown of Ohio, and Democrats are against Paul’s proposal because it would provide a public accounting of the central bank’s monetary policy maneuvers and its transaction with central banks. Like the article stated "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy," Warren said Economist like Paul Krugman and Mike Konczal have argue that Paul’s Fed audit would authorize kooky ideas about monetary policy and it could damage the economy. Many Republicans spent years warning about the inflation. I think the Fed should be audited because the bill would eliminate all the restrictions on Government Accountability Office audits of the Federal Reserve. Also, that it would let Congress to look at everyone’s facilities, credit facilities, and everything else.
ReplyDeleteThis article is about a bill that was authorized by Sen. Rand Paul. The bill stated that he wanted to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. The article states that the only down side to this is that it could doom the chance for public transparency surrounding the widespread abuse that banks deployed against homeowners in the aftermath of the financial crisis. The democrats, specifically Sen. Brown and Sen. Elizabeth Warren are against this proposal. The reason that they are against this is because they believe that it promotes congressional meddling in the Fed’s monetary policy decisions. They also believe that it will risk politicizing those decisions and can have negative implications for financial stability and the health of the global economy. Also, Paul Krugman from the Huffington post and Roosevelt Institute's Mike Konczal stated that "Paul's Fed audit would empower kooky ideas about monetary policy--particularly those of Paul himself--and could ultimately damage the economy." Paul Krugman therefore believes that the Republican party has been in an inflation warning for a long time now and the Fed's monetary policy will only make it harder. Not only does Paul Krugman believe this, but many people believe that this will only make it harder for the Fed to do their job. Also, many people do not see how this will give benefit towards the Americans that are currently working. In my opinion, I believe that the Fed should be independent of Congressional meddling. I believe this because if the bill was taken out then it would leave us without all the restrictions on the Government Accountability Office audits of the Federal Reserve. Also, the Fed is extremely important and powerful towards the United States of America and if this occurred I believe that there would be many problems that would arise and that we would have to face.
ReplyDeleteThe purpose of the bill proposed to Rand Paul is to to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are against this bill because they believe that it promotes congressional meddling in the Fed's monetary policy decisions which could have dangerous implication to the financial stability and health of the global economy. Paul Krugman and other economists believe it would empower crazy ideas about monetary policy. I think the Fed should be audited because the bill would eliminate all the restrictions on Government Accountability Office audits of the Federal Reserve.
ReplyDeleteSenator Rand Paul (Republican) of Kentucky has proposed a bill to audit the Federal Reserve’s monetary policy operations and millions of foreclosures. Elizabeth Warren (Democrat) of Massachusetts stated, "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy," Economists like Paul Krugman and Mike Konczal believe “Paul's Fed audit would empower kooky ideas about monetary policy -particularly those of Paul himself -- and could ultimately damage the economy.” And, “many liberal economic experts believe that giving those voices new information about the Fed's monetary policy activities will only make it harder for the Fed to do its job.” I think that the FED should most definitely be independent of Congressional meddling because the have worked that way since the beginning of out government and it should stay that way. Congress should have no business in the FED because then there will be too many opinions back and forth about the monetary policy and I believe it would become a big mess. When there are too many hands working, something always goes awry.
ReplyDeleteSenator Rand Paul proposed a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats strongly oppose said bill because as Elizabeth Warren stated "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy,". Economist like Paul Krugman say it would empower crazy ideas about monetary policy. Honestly, The Fed was right to become independent from the United States Government, the last thing i would want is for the Republicans to be in control of our money supply.
ReplyDeleteThe Republican Kentucky Senator, Rand Paul, proposed the bill which considered authorization of auditing both the Federal Reserve's monetary policy operations and millions of foreclosures. The Democrats oppose the bill because they feel the changing of monetary policies could potentially ruin the a recovering economy. Democratic senator expressed her choice, "Because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy." The New York Times' liberal financial commentator Paul Krugman and Roosevelt Institute's Mike Konczal are not in favor with the bill because they have argued that Paul's Fed audit would give unconventional ideas about monetary policy and could result in damaging the economy. They also stated that the transparency of the Federal Reserve monetary policies would lead to a harder time for it to do its job. My decision, personally, is there really should be no meddling with the federal reserve because the monetary policies that they have executed are policies that are supposedly helping to keep our economy stable. The choices which Federal Reserve is help keep the economic stability of the nation, so if the institution was to give their every monetary policies to the public citizens will have questionable outlooks, which could lead to questionable decisions that could potentially make the jobs of the Feds tougher than it already is.
ReplyDeleteThe purpose of the bill purposed by Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures.Democrats are opposed to it because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy. What economists like Paul Krugman think about the bill is that it could cause big problems in the economy. What I think the FED was right in doing what it did because we are in a way saving our money.
ReplyDeleteRecently, Senator Rand Paul authorized a bill that was meant to audit both the Federal Reserve’s monetary policy operations and millions of foreclosures. Because the Democrat’s strongly dislike this bill, it could lead to the decrease in public transparency surrounding the abuse of banks towards homeowners. The bill could have negative inferences for the financial stability and health of the government. Democrats are opposed to it because it would be the first time a public accounting of the central bank’s monetary policy would be provided. Economists like Paul Krugman feel that this bill will “ultimately damage the economy.” I believe that the Fed should be audited because the bill would then eliminate the restrictions on Government Accountability Office audits of the Federal Reserve. From this, Congress would be able to oversee things such as purchased securities, their facilities, etc.
ReplyDeleteRepublican Senator Rand Paul from Kentucky proposed a bill that is suppose to audit the Federal Reserve’s monetary policy operations and millions of foreclosures; also making it worse for banks especially with homeowners in the aftermath of the financial crisis. Senator Elizabeth Warren and Senator Sherrod Brown, a top-ranking Democrat on the Senate Banking Committee, have both made it public that they are against Rand Paul the proposal. The bill would make it known everything that the central bank does, including their transactions and policy maneuvers. Basically what Senator Paul wants to do is make the banking system more transparent and open in what their transactions are. Democrats are against is because they “do not see how this legislation will benefit the working Americans,” said spokeswoman Meghan Dubyak. The big thing Warren and Brown are against is the transparency of monetary policies. The New York Times’ economist Paul Krugman believe that this bill could in the end damage the economy instead of helping it because of all off the extra voices pitching in, making the job for the Feds harder to do. This proposal just gives the nosy congressmen the okay to impede into the Federal monetary policy decisions. The whole point of being “politically independent” is for the Federal Reserve to be independent from the executive branch. Republicans are just thinking of a way to get more power and get themselves to a higher position. While the democrats are believe that Congress should be working on a bill that would help the American people and not one that will give Republicans the upper hand. I don’t believe the FED should be audited and have all of their information out there for everyone to see. Their monetary policies are its strongest tools and this bill wants to make it seen to the eyes of all.
ReplyDeleteSenator Rand Paul has proposed a bill to audit the Federal Reserve’s monetary policy, its operations and millions of current foreclosures. Their hatred could surround the widespread abuse that the banks have done on homeowners during post financial crisis. On the other hand, Senator Elizabeth Warren and Senator Brown of Ohio, both top ranking Democrats, have come out with their opinion against the bill. They state that the overall don’t think that the bill will have any benefits for working Americans, and because they think that it “promotes congressional meddling in the Fed’s monetary policy decisions ,” which will eventually lead to implications for financial instability. Warren and Brown were on board at the beginning with more transparency in the regulatory operations, but draw the line at monetary policy. Other financial commentators, like Paul Krugman and Mike Konczal, have argued that the audit will “empower kooky ideas about monetary policy” and could “ultimately damage the economy.” Other Republicans, including Paul, have warned that severe inflation was bound to happen and many liberal experts believe that the new information about the Fed’s policy activities will make it harder for them to do their job. I believe that the work of the Federal Reserve should be independent of Congressional meddling because the Fed is one of the most powerful influences on the United States and is the “world’s most powerful economic institution.” It was found independently and it should remain; in the end, if the government and/or Congress were to input their comments and opinions, they could take advantage of the power of the Fed.
ReplyDeleteThe bill proposed by Rand Paul is To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States, and for other purposes. Democrats are opposed to it because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy
ReplyDeleteEconomists like Paul Krugman think the bill “would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy.”
I think that the FED should be independent of Congressional meddling because, as the Democrats have stated, politicizing monetary policy decisions would be terrible for the stability and health of the global economy.
Senator Rand Paul authorized a bill that progressive senators are not too happy about. The purpose of the bill that Rand Paul proposed is meant to audit both the Federal monetary policy operations and millions of foreclosures. The Democrat’s strong dislike of the bill could potentially limit the ability for public transparency surrounding the abuse of banks towards homeowners after the financial crisis. Democrats are against Paul’s proposal because it would provide a public accounting of the central bank’s monetary policy maneuvers and its transaction with central banks, specifically Senator Elizabeth Warren and Senator Sherrod Brown, are opposed to Rand Paul’s proposal. Warren said Economist like Paul Krugman and Mike Konczal argued that Paul’s Fed audit would authorize crazy ideas about monetary policy and it could damage the economy. In my opinion, the Fed should be audited because the bill would eliminate restrictions on Government Accountability Office audits of the Federal Reserve. Also, it would allow Congress to oversee credit facilities, purchased securities.
ReplyDeleteThe purpose of the bill proposed by Rand Paul is to to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats like Elizabeth Warren are opposed to it because "it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy." Other economists say that it could potentially damage the economy. Paul Krugman thinks that it would empower ridiculous ideas about monetary policy. I think the Fed should be independent of Congressional meddling. More than half of the Congress has no idea what they are doing and don't realize the damage they could have done to our country financially if there was not a democratic president. The Fed is what keeps our country together and any persuasion or meddling by the Congress is setting ourselves up to a economic disaster.
ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul is to audit both the Federal monetary policy operations and millions of foreclosures. This bill could account for the widespread abuse that banks used against homeowners in the aftermath of the financial crisis. Democrats, including Senator Elizabeth Warren and her fellow financial report advocate Senator Sherrod Brown, disagree with Rand's bill claiming, "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy". Democrats agree with regulating the Fed's operations more closely, but feel as though they should draw the line at monetary policy. Economist like Paul Krugman and Mike Konczal argue that the audit would, "empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy". Krugman feels as though Republicans have spent years warning of inflation that the Fed's monetary policy activities will make it more difficult for the Fed's to do their job. Based on the Fed being the world's most powerful economic institution with its monetary policy as its strongest weapon, I disagree with Senator Rand Paul, yet agree with Senator Elizabeth Warren. The Fed should be independent of Congressional meddling due to its tremendous influence over United States growth. Keeping in mind the people of our nation, as all Senators should, Warren states, "Families get pennies on the dollar in this settlement for having been the victims of illegal activities or mistakes in the bank’s activities... And you now know individual cases where the banks violated the law, and you're not going to tell the homeowners?".
ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul was to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. The Democrat’s strong dislike of the bill could potentially limit the ability for public transparency surrounding the abuse of banks towards homeowners after the financial crisis. Like the article stated "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy," Warren said Economist like Paul Krugman and Mike Konczal have argue that Paul’s Fed audit would authorize kooky ideas about monetary policy and it could damage the economy. I think that the FED should be independent of Congressional meddling because, as the Democrats have stated, politicizing monetary policy decision.
ReplyDeleteSenator Rand Paul presented a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures.Democrats are opposed to it because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy
ReplyDeleteEconomists like Paul Krugman think the bill “would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy.” In my opinion the Fed should be audited because the bill would eliminate all the restrictions on Government Accountability Office audits of the Federal Reserve.
The purpose of the bill proposed by Rand Paul was too audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats opposed to it because they feel the changing of monetary policies could potentially ruin the a recovering economy. Elizabeth Warren said "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy". Economists like Paul Krugman think the bill “would empower kooky ideas about monetary policy" also they think it will hurt the economy instead of helping it out. In my opinion, I believe that the Fed should be independent of Congressional meddling. This is because the Democrats said politicizing monetary policy decisions would be terrible for the stability and health of the global economy.
ReplyDeleteThe purpose of the bill that Rand Paul proposed is meant to audit both the Federal monetary policy operations and millions of foreclosures. It could doom any chance for public transparency surrounding the widespread abuse that banks deployed against homeowners. Democrats are against Paul’s proposal because it would provide a public accounting of the central bank’s monetary policy maneuvers and its transaction with central banks. Economist like Paul Krugman and Mike Konczal have argue that Paul’s Fed audit would authorize kooky ideas about monetary policy and it could damage the economy. I think the Fed should be audited because the bill would eliminate all the restrictions on Government Accountability Office audits of the Federal Reserve. Also, it would let Congress look at everyone’s facilities, credit facilities, etc..
ReplyDeleteThe purpose of the bill proposed by Rand Paul is to to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats like Elizabeth Warren are opposed to it because "it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy." Other economists say that it could potentially damage the economy. Paul Krugman thinks that it would empower ridiculous ideas about monetary policy. I think the Fed should be independent of Congressional meddling. Other financial commentators, like Paul Krugman and Mike Konczal, have argued that the audit will “empower kooky ideas about monetary policy” and could “ultimately damage the economy.” Other Republicans, including Paul, have warned that severe inflation was bound to happen and many liberal experts believe that the new information about the Fed’s policy activities will make it harder for them to do their job. I believe that the work of the Federal Reserve should be independent of Congressional meddling because the Fed is one of the most powerful influences on the United States and is the “world’s most powerful economic institution.” It was found independently and it should remain; in the end, if the government and/or Congress were to input their comments and opinions, they could take advantage of the power of the Fed.
ReplyDeleteThe purpose of the bill is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. The reason many democrats are opposed to this is because it allowed congress to publicize monetary policy. Democrats believe we are more stable if Feds handle finances in private. Economists like Paul Krugman believe that allowing meddling in monetary policy would bring about dumb ideas regarding our economy. I believe the Fed should be independent of publicity. Congress should be authorized to input their idea, but not necessarily have the power to put them into effect. Congress should not be silenced, but at the same time this is not something that should be on the news. I am confident that the Feds know what they are doing and will continue to keep our economy stable.
ReplyDeleteSenator Rand Paul has proposed a bill concerning the Federal Reserve. Its purpose is to audit both the Federal Reserve’s monetary policies and millions of foreclosures. Great opposition from both progressive Senators and Democrats could prevent transparency surrounding the widespread abuse that banks deployed against homeowners in the aftermath of the financial crisis. Democrats are opposed to this bill because “it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy,” says Sen. Elizabeth Warren. In other words, they claim that if this bill were to pass it would create a Federal Reserve whose decisions are based on political policy. Liberal economists like Paul Krugman believe that this bill “would empower kooky ideas about monetary policy,” and claims that this could potentially “damage the economy.” For example, Paul and many other Republicans have warned of nearing severe inflation for years. However, this has never occurred. Seeing that this has not occurred under the Fed’s current policies, if the Fed’s policies were changed to the policies of those who predicted this severe inflation, this prediction may have come to pass. I believe that the public would have some benefit of knowing the monetary policies of the central bank and its transactions with foreign banks, but it would not compare to the possible damage that this bill could do to the U.S. economy. Therefore, I believe that the Fed should be independent of Congressional meddling. The Fed’s monetary policy has an incredible amount of influence on the U.S. economy, which includes “setting interest rates that have tremendous influence over U.S. growth, inflation and the prices of key assets.” The Congress should not have the power to politically influence the Fed’s monetary policy, due to the partisan nature of the policies that it would present.
ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. The Democrats oppose the bill because they feel the changing of monetary policies could potentially ruin the a recovering economy. Economist such as Paul Krugman believe that the bill can cause huge effects in the economy and can damage it as well. In my opinion I believe that the FED should be and independent of Congressional meddling. I disagree with Rand Paul because the FED is a power house for the United States economic powers. Limiting this power could effect our economy and since we are doing a lot better over the past couple years i figure why would we want to risk another economic crisis if we can prevent it as a whole.
ReplyDeletebill proposed by Senator Rand Paul is meant to audit both the Federal monetary policy operations and millions of foreclosures. This bill could account for the widespread abuse that banks used against homeowners in the aftermath of the financial crisis. Democrats, including Senator Elizabeth Warren and her fellow financial report advocate Senator Sherrod Brown, disagree with Rand's bill claiming, "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy". Democrats agree with regulating the Fed's operations more closely, but feel as though they should draw the line at monetary policy. I believe that the public would have some benefit of knowing the monetary policies of the central bank and its transactions with foreign banks, but it would not compare to the possible damage that this bill could do to the U.S. econom. i also believe that the work of the Federal Reserve should be independent of Congressional meddling because the Fed is one of the most powerful influences on the United States and is the “world’s most powerful economic institution.”The Fed is what keeps our country together and any persuasion or meddling by the Congress is setting ourselves up to a economic disaster.
ReplyDeleteThe bill proposed by Senator Rand Paul is meant to audit both the Federal monetary policy operations and millions of foreclosures. Democrats disagree with this bill because it would for the be providing a public accounting of the central bank's monetary policy maneuvers and its transactions with foreign central banks. Warren stated "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy,". Economist like Paul Krugman explains that it would empower crazy ideas about monetary policy. This bill wants to put the FEDs business out there to the public eye. But I believe that the FED shouldnt be audited. Their monetary system is an important tool and is sacred. It shouldnt be shown to the public.
ReplyDeleteRand Paul authored a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Passing this bill can effect the widespread abuse that banks deployed against homeowners in the aftermath of the financial crisis. Democrats oppose the bill because they believe that it promotes congressional meddling in the Fed’s monetary policy decisions. It has the risk of damaging financial stability and the health of the global economy. Paul Krugman says that the Fed audit would authorize kooky ideas about monetary policy and it could damage the economy. I think that the Fed should be independent of Congressional meddling because it is sure to cause many problems especially with the economy if it is audit. We should just leave things the way it is right now.
ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Many Democrats are opposed to it because it promotes congressional meddling in Fed's monetary policy decisions, that risks those decisions and may have dangerous implications for financial stability and health of the global economy. Both The New York Times' Paul Krugman and the Roosevelt Institute's Mike Konczal have argued that Paul's Fed audit would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy. I think the FED should be independent of Congressional meddling. Because it influences the U.S. economy tremendously. - SAm Mohammed
ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul is to audit both the Federal monetary policy operations and foreclosures. Democrats are opposed to it because they believe that "....it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy" -Senator Sherrod Brown. Economists like Paul Krugman believe that this bill “would empower kooky ideas about monetary policy,” and claims that this could potentially “damage the economy.”. The FED should be independent from the Congressional filthy hands. There is no reason that they need to get involved in this, and the FEDs business does not need to be aired like dirty laundry to the public.
ReplyDeleteThe purpose of the bill is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Senator Elizabeth Warren, along with other Democrats, and her financial report advocate Senator Sherrod Brown, disagree with Rand's bill saying, "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy". It is agreed that regulating the Fed's operations more closely is fine, but the line should drawn at monetary policy. Economist like Paul Krugman and Mike Konczal have argue that Paul’s Fed audit would authorize kooky ideas about monetary policy and it could damage the economy. I think the FED should be independent of Congressional meddling because Warren says, "Families get pennies on the dollar in this settlement for having been the victims of illegal activities or mistakes in the bank’s activities... And you now know individual cases where the banks violated the law, and you're not going to tell the homeowners?"
ReplyDeleteThe purpose of the bill proposed by Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. The Democrats are opposed to it beacause the bill could potentially limit the ability for public transparency surrounding the abuse of banks towards homeowners after the financial crisis. Economists like Paul Krugman argue that Paul's Fed audit would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy. I think the FED shouldnt be audited of Congressional meddling because, it helps us out in the end. By meddling sometimes, It is motivating and it influences us by giving us ideas for our economy. Plus things have been going well over the past few years so things should get even better.
ReplyDeleteThe purpose of the bill proposed by Rand Paul was to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Top progressive senators are running away from it. The reason the Democrats are opposed to it is because it is said to "promote congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy." It also would for the first time provide a public accounting of the central bank's monetary policy maneuvers and its transactions with foreign central banks. Economists, such as Paul Krugman, have argued that Paul's Fed audit would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy. Many of Republicans have warned us about sever inflation for years. In my opinion I believe that the FED should be independent of Congressional meddling. It's monetary system is important and it shouldn't be aired out to hurt them. It will influence are economy if they are involved and or audited. This will just cause an economic crisis and they are capable of keeping everything stable stable, there is no reason they need to be involved.
ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are opposed to it because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy. Krugman feels as though Republicans have spent years warning of inflation that the Fed's monetary policy activities will make it more difficult for the Fed's to do their job. I believe that the Federal Reserve should remain an independent entity from the government because if congress gains control, they would abuse their power and distribute money for the wrong reasons.
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ReplyDeleteSenator Rand Paul proposed a bill and it is meant to audit both the Federal monetary policy operations and millions of foreclosures. Democrats, including Senator Elizabeth Warren and the financial report advocate Senator Sherrod Brown, disagree with Rand's bill, Democrats however agree with regulating the Fed's operations more closely, but that it should stop at monetary policy. Paul Krugman and Mike Konczal say that the audit would. Krugman feels as though Republicans have spent years warning of inflation that the Fed's monetary policy activities will make it more difficult for the Fed's. Based on the Fed being the world's most powerful economic institution with its monetary policy as its strongest weapon. The Fed should be independent of Congressional meddling due to its tremendous influence over United States growth. I believe this will cause problems for the economy and that they should be involved
The purpose of the bill that Rand Paul proposed is to audit the Federal Reserve's monetary policy operations and millions of foreclosures. The democrats oppose Paul's bill because it does benefit working Americans, it promotes Congressional meddling in monetary policy decisions and may damage the health of the global economy. Economists like Paul Krugman and Konczal bluntly stated that crazy ideas about the monetary policy particularly by Rand Paul would definitely damage the economy. The Federal Reserve shouldn't be audited because they have been doing well all these years. The Fed hold monetary policies as their strongest tools, they are the most powerful institution economically, and they are a major contributor to the growth of America and dealers with other countries.
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ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are opposed to this bill because it would for the first time provide a public accounting of the central bank's monetary policy maneuvers and its transactions with foreign central banks. "I oppose the modern version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy," Warren said in a statement.Economists like Paul Krugman think the bill “would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy.” In my opinion the Fed should be audited because the bill would eliminate all the restrictions on Government Accountability Office audits of the Federal Reserve. Many Republicans spent years warning about the inflation. I think the Fed should be audited because the bill would eliminate all the restrictions on Government Accountability Office audits of the Federal Reserve. Also, that it would let Congress to look at everyone’s facilities, credit facilities, and everything else.
The purpose of the bill proposed by Rand Paul is supposed to audit both the Federal Reserve’s monetary policy operations and millions of foreclosures. Democrats are opposed to it because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy, says Sen. Elizabeth Warren. Economists like Paul Krugman think that the bill would empower kooky ideas about monetary policy and could ultimately damage the economy. I think the FED should be independent of Congressional meddling because that would be another task placed into the hands of Congress who already haven’t done anything the whole time Obama has been in office. Also, I think the Federal Reserve should remain an independent entity from the government because if the government tried to gain control, they would only abuse their power and distribute money for the wrong reasons.
ReplyDeleteThe bill proposed by Rand Paul is supposed to audit the Fed monetary policy, this will force many foreclosure and all it does is make congress more powerful then they already are. They control most of the government because they are almost all republican so they fell like they can run the government and what goes on without the president and if they pass this bill this just makes them more confident. The Fed should be independent because of how long they have been around and the accomplishments they have made. It will be absolute dis order If they try to change the rule and force someone else to run the Fed because the rule and regulation have been in place for so long.
ReplyDeleteRan Paul proposed a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. the Democrats are against this bill because they believe that it promotes congressional meddling in the Fed's monetary policy decisions which could be dangerous implication to the financial stability of the economy. Paul Krugman think that this bill could damage the economy. I think the Federal Reserve should remain independent from the government because if the government somehow gain control, they would most likely abuse the power of the fed, cause some problems, and damage the economy.
ReplyDeleteAccording to the article there was a bill purposed by Senator Rand Paul. The bill stated that he wanted to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. After analyzing the text I've come to find that the only down side to this is that it could be detrimental for public transparency surrounding the widespread abuse that banks deployed against homeowners in the aftermath of the financial crisis. The article states that democrats, specifically Senator Brown and Senator Elizabeth Warren are in disagreement with this proposal. The reason that they are against this ,because they believe that it advocates congressional meddling in the Fed’s monetary policy decisions. Also they believe that it will risk politicizing those decisions and can have a negative effect toward the implications for financial stability and the health of the global economy. Paul Krugman for instance stated in the Huffington post , as we'll as Roosevelt Institute's Mike Konczal that "Paul's Fed audit would empower kooky ideas about monetary policy--particularly those of Paul himself--and could ultimately damage the economy."After reading this I believe Paul Krugman can come into agreement that the Republican party has been in an inflation warning for a long time now and the Fed's monetary policy will only make it difficult. According to the article not only does Paul Krugman believe this, but many people can agree that this will only make it difficult for the Fed to do their job. All in all, many people do not see how this will give benefit towards the Americans that are currently employed. From an governmental and economic stand point , I believe that the Fed should be independent of Congressional meddling. The reason I believe this because if the bill was rejected then it would leave us without all the restrictions on the Government Accountability Office audits of the Federal Reserve. Lastly , the Fed is extremely important and powerful towards the United States of America I feel as though if this occurred I believe that there Also, the Fed is extremely important and powerful towards the United States of America and if this were to occur there would be many problems that would uprise and we would have to face as a country.
ReplyDeleteSenator Rand Paul presented a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are against this bill because they believe that it promotes congressional meddling in the Fed's monetary policy decisions which could have dangerous implication to the financial stability and health of the global economy. Paul Krugman from the Huffington post and Roosevelt Institute's Mike Konczal stated that "Paul's Fed audit would empower kooky ideas about monetary policy particularly those of Paul himself and could ultimately damage the economy." Paul Krugman therefore believes that the Republican party has been in an inflation warning for a long time now and the Fed's monetary policy will only make it harder.I think that the FED should be independent of Congressional meddling because, as the Democrats have stated, politicizing monetary policy decisions would be terrible for the stability and health of the global economy.
ReplyDeleteRan Paul proposed a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats oppose the bill because they think that it promotes congressional meddling in the Fed's monetary policy decisions which could have a huge dangerous implication to the financial stability and health of the global economy.Economists like Paul Krugman believe that this bill could “ultimately damage the economy.” I believe that the Federal Reserve should remain an independent entity from the government because if congress gains control, they could abuse their power and distribute money for the wrong reasons. However, I am not against this just because Republicans would be in control. I am an Independent and believe it is important to remain open-minded and realize that just because we don't agree with another party's views, doesn't mean they can never be right or do something right, at least.
ReplyDeleteRan Paul, a Republican, has proposed a bill that the democrats are strongly against. The purpose of Paul’s bill is to audit millions of foreclosures and the Federal Reserve's monetary policy operations. Democrats are strongly against this bill because Congress is meddling with Federal monetary policies. According to Democrat Senator Elizabeth Warren she said the bill “ promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy." Economists believe meddling with the policies could damage the economy. Economist Paul Krugman argues that Paul’s audit would bring ridiculous ideas about monetary policy and it would severely hurt the global economy. In my opinion, the Federal Reserve should be independent. Giving Congress authority over the Federal Reserve will give the legislative Branch too much power. Also, if it wasn't for the Federal Reserve picking up Congress’s slack, our economy would never receive any type of progress.
ReplyDeleteSenator Rand Paul proposed a bill to audit the Federal Reserve's monetary policy operations and millions of foreclosures. Two senators, Sen. Elizabeth Warren and the top-ranking Democrat on the Senate Banking Committee, Sen. Sherrod Brown of Ohio, have spoken out against Sen. Paul's bill. Warren believes that "it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy." Paul Krugman of the New York Times believes that if the bill is passed it will damage the economy make it harder for the Fed to do its job. I believe that the Federal Reserve should remain separate from the government because it was founded independently.
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ReplyDeleteThe purpose of the bill proposed by Senator Rand Paul was to audit both the Federal Reserve's monetary policy operations and the millions of foreclosures. Democrats disagree with Rand's bill and state, "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy." Economists like Paul Krugman believe that this bill could “ultimately damage the economy.” I think the Fed should be independent of Congressional meddling due to its huge influence on growth of the United States.
A Republican by the name of Ran Paul proposed a bill to audit millions of foreclosures and the Federal Reserves's monetary policy operations. Not surprisingly because even though Democrats are are known for pushing the idea of government involvement but they do hold a certain line. Which is government involvement in federal monetary policies. The Democrats believe that in doing so there would be huge global economic consequences, in a quote a Democrat senator (Elizabeth Warren) she said "The audit promotes congressional meddling in the Fed's monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy. I agree with the Democrats that the Federal Reserve is better off working independently. If Congress had control over the Federal Reserve than the power balance would shift too dramatically to one side.
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5th period
The purpose of the bill proposed by Senator Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. It could ruin any chance for public transparency surrounding the widespread abuse that banks deployed against homeowners.The democrats, Elizabeth Warren and Senator Sherrod Brown, are opposed to Rand Paul’s proposal because it would be the first time a public accounting of the central bank’s monetary policy would be provided. Elizabeth Warren stated the follwing, "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy. Paul Krugman and Mike Konczal, have argued that the audit will “empower kooky ideas about monetary policy” and could “ultimately damage the economy”. I believe the Fed should be audited because the bill would eliminate all the restrictions on Government Accountability Office audits of the Federal Reserve.
ReplyDeleteSenator Rand Paul wants to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. This can ultimately lead to a financial crisis, which Democrats are trying to avoid. Both Senator Elizabeth Warren and Senator Sherrod Brown states that they will be drawing a line with monetary policy. Warren believes that this bill will promote congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy, this is what will further lead to the financial crises that both Senators fear of. Paul Krugman thinks that this bill will lead to a severe inflation in the economy, causing it to deteriorate. I think that as long as the economy remains stabilized, it should be independent of Congressional meddling. It's all about the relationship between the Fed and Congress and for the economy not to be affected in a negative way.
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ReplyDeleteElizabeth Warren And Sherrod Brown Fight Fed Audit, Foreclosure Transparency was a bill proposed by legislator Rand Paul. The bill explicit that he needed to audit each the Federal Reserve's financial policy operations and immeasurable foreclosures. once analyzing the text I've come back to seek out that the sole down aspect to the present is that it may be harmful for public transparency encompassing the widespread abuse that banks deployed against owners within the aftermath of the money crisis. The article states that democrats, specifically legislator Brown and legislator Elizabeth Warren square measure divided with this proposal. the rationale that they're against this ,because they believe that it advocates law-makers meddling within the Fed’s financial policy choices. conjointly they believe that it'll risk politicizing those choices and might have a negative impact toward the implications for money stability and also the health of the world economy. Paul Krugman as an example explicit within the Huffington post , as we'll as Roosevelt Institute's microphone Konczal that "Paul's Fed audit would empower buggy ideas regarding financial policy--particularly those of Paul himself--and may ultimately harm the economy."After reading this i feel Paul Krugman will get agreement that the Republican Party has been in associate inflation warning for a protracted time currently and also the Fed's financial policy can solely build it troublesome. per the article not solely will Paul Krugman believe this, however many people will agree that this can solely build it troublesome for the Fed to try and do their job. All in all, many people don't see however this can provide profit towards the Americans that square measure presently used. From associate governmental and economic stand purpose , i feel as though the Fed ought to be free lance of law-makers meddling. the rationale i feel this as a result of if the bill was rejected then it'd leave United States while not all the restrictions on the government's responsibleness workplace audits of the Federal Reserve. Lastly ,the Fed is extraordinarily vital and powerful towards the u.s. of America I feel like if this occurred i feel that there conjointly, the Fed is extraordinarily vital and powerful towards the u.s. of America and if this were to occur there would be several issues that could possibly occur.
The purpose of the bill proposed by Rand Paul was created in order to audit the Federal Reserve’s monetary policy operations, as well as the millions of foreclosures. Democrats are opposed to Rand Paul’s bill because it “promotes congressional meddling in the Fed’s monetary policy decisions,” which institutes public accounting of the central bank’s monetary actions and transactions with central banks. Economists like Paul Krugman believe that this bill will empower ideas about monetary policy. I believe that the Fed should be I think the bill should be independent of Congressional meddling because the government should remain at a point with the amount of power they have. Giving more power to the government would only result in abuse of power and dictatorships.
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ReplyDeleteSenator Rand Paul proposed a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. According to huffingtonpost.com, their aversion could doom any chance for public transparency surrounding the widespread abuse that banks deployed against homeowners in the aftermath of the financial crisis. The Democrats are against the proposed bill due to its first time providing a public accounting of the central bank's monetary policy maneuvers and its transactions with foreign central banks. Other commentaries are more blunt on the issue. Paul Krugman from the New York Times insisted that Paul's Fed audit would empower kooky ideas about monetary policy, and would eventually pose the ultimate big threat to the economy. The Fed is the world's most powerful economic institution, and its monetary policy operations are its strongest tools, setting interest rates that have tremendous influence over U.S. growth, inflation and the prices of key assets. Personally I think that the Fed should be excused of Congressional meddling since it was founded independently a long time ago, and it still operated fine. According to huffingtonpost.com, while the Fed's Board of Governors, based in Washington, D.C., is a public agency, the central bank's 12 regional branches are private-sector entities. Two-thirds of the directors of each regional branch are selected by commercial banks in the region, and many of those directors help select the presidents of each branch. Many of these regional presidents, in turn, play a role in setting monetary policy alongside the Board of Governors. There have always been political dimensions to the Fed's activities. During the financial crisis, Ben Bernanke, then Federal Reserve chairman, and Tim Geithner, then president of the New York Fed, worked closely with Treasury Secretary Henry Paulson on various bailout activities, with Bernanke even helping sell Congress on a $700 billion bailout bill. Furthermore, the Fed has also (successfully) fought to prevent the public disclosure of records that detail widespread foreclosure abuses by big banks.
ReplyDeleteThe purpose of the bill proposed by Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are opposed to it because Congress is meddling in the Fed's monetary policy. "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy." Economist like Paul Krugman think that this bill will "damage the economy". I think that the FED should be independent of congressional meddling. A bunch of the decisions would be one sided. There wouldn't be much to differentiate. Like they said, It would be dangerous for financial stability and the health of the global economy.
ReplyDeleteThe purpose of the bill proposed by Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. This bill gives a chance for public transparency surrounding the widespread abuse that banks deployed against homeowners in the aftermath of the financial crisis.
ReplyDeleteDemocrats such as Elizabeth Warren and Sherrod Brown are opposed to the bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy.
Economists like Paul Krugman think the bill would empower kooky ideas about monetary policy, and could ultimately damage the economy.
The Fed should be independent of Congressional meddling because giving those voices new information about the Fed's monetary policy activities will only make it harder for the Fed to do its job.
Senator Rand Paul proposed a bill to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. His bill would provide a public accounting of the central bank's monetary policy and its transactions with foreign central banks. Democrats are so against this bill because it would promote the influence of Congress in the Fed's monetary policy. In now way would this transparency of the Fed benefit America's working class. Economists think that the bill "would empower kooky ideas about monetary policy and could damage the economy." I don't think the Fed should be audited. Each branch is given its powers and for Congress to then have say or oversight of the Federal Reserve would be an overstep, on my opinion. I believe the Fed is doing fine on its own, and if there is no benefit or actual need to have it audited, if there is no crisis concerning it, then things should stay as they are. The Fed being audited and the severely divided Congress having a hand in decisions would hurt the economy more than heal it.
ReplyDeleteThe purpose of the Bill that was proposed by Rand Paul was to audit the Fed's monetary policy operations and millions of foreclosures around the nation. democrats are opposed to the Bill because if we mess with the Fed's policies, then we may create economic instability. If the Fed was unstable that can create more economic issues that we don't need to deal with right now. Paul Krugman and others believe that we should just leave the Fed alone and stick to what we're used to. I agree with the Democrats, if it's not broke don't fix it. If it's worked for us for all these years, there's no reason to meddle with the Fed now.
ReplyDeleteThe bill proposed by Senator Rand Paul is meant to audit both the Federal monetary policy operations and millions of foreclosures. Democrats are opposed to the bill because they don't want congress to have the power to control what happens to our money supply in the FED. Democrats do share the belief that the actions of the FED should be watched more closely but not to the point to where congress can dictate their actions. Democrats believe that this bill would only lead to further dangerous implication in financial stability and status of the global economy. Economist like Paul Krugman and Mike Konczal argue that the audit would, "empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy". So both Pual Krugman and I believe that the FED should be independent of congressional meddling because congress never did anything to get America out of the depression we were just currently in, so why give them more power when they lack the means of using power they already have for the people.
ReplyDeleteThe purpose of the bill proposed by Rand Paul is to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are opposed to this bill because they believe that it advocates law-makers meddling within the Fed’s financial policy choices. They believe that it will risk politicizing those choices and might have a negative impact toward the implications for money stability and also the health of the world economy. Economics like Paul Krugman have disapproving thoughts about this bill. The have argued "that Paul's Fed audit would empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy. Paul and plenty of other Republicans spent years warning that severe inflation was right around the corner. It never materialized, and many liberal economic experts believe that giving those voices new information about the Fed's monetary policy activities will only make it harder for the Fed to do its job." I believe that the Federal Reserve should remain separate from the government as long as the economy remains stabilized, it should be independent of Congressional meddling.
ReplyDeleteThe purpose of the bill was was made by Rand Paul. The idea was to audit both the federal reserve's monetarty policy. Democrats do not agree with this bill they believe that the bill gives pass to law-maker
ReplyDeleteInside to manipulate the fed's financial policy choices They believe it politizies the choices and may give ill effect. They fear it will effect money stability n also the world economy of health. Economist believe this bill will give power too the crazy idea about monetary policy. Thisis by Raymond Moore Ms.Meachum second period 2
The bill proposed by Rand Paul is intended to audit both the Federal Reserve's monetary policy operations and millions of foreclosures. Democrats are opposed to it however because it would make Congress more powerful and promote Congressional meddling in monetary policy decisions and may damage the health of the global economy. Paul Krugman thinks the bill only legitimizes idiocy about monetary policy and bring about inflation over the next years. I believe the FED should be monitored but I do not see the practical use of congress meddling in the affairs. Seeing as Congress is made up of a majority of Republicans, this is obviously some ploy to influence the economy in their favor.
ReplyDeleteSenator Rand Paul presented a bill to change both the Federal Reserve's monetary policy operations and foreclosures. Democrats are against this bill because they believe that it promotes the congress messing in the Fed's monetary policy decisions which could cause harm to the economy and the financial stability of the U.S. Economist like Paul Krugman think that this bill could ultimately damage the economy. Economist also think that giving Rand Paul and other republicans the information about the Federal reserve could cause a lot of harm also. Personally I do not think that the Fed should be accounted for, it should be independent of congressional meddling. The Fed is the most powerful economic institution of the United States, it would be really bad if a republican congress were to attempt to regulate it.
ReplyDeleteThe purpose of the bill that is proposed by Rand Paul is to audit both the Federal Reserve’s monetary policy operations and millions of foreclosures. The democrats are opposed to it because it would provide a public accounting of the central bank’s monetary policy maneuvers and its transaction with central banks. Economists like Paul Krugman think that the bill would empower crazy ideas about monetary policy that could ultimately damage the economy. I believe that the FED should be independent of congressional meddling. It can have a tremendous influence over the United States. I also believe that the government would abuse their power and money would go missing, or be put towards the wrong reasons.
ReplyDeleteWhat is the purpose of the bill proposed by Rand Paul? Why are Democrats opposed to it? What do economists like Paul Krugman think about the bill?? What do you think: should the FED be audited or should the FED be independent of Congressional meddling? Why or why not?
ReplyDeleteThe purpose of the bill by Rand Paul was to audit the Federal Reserve’s monetary policy and millions of foreclosures. Democrats oppose it because it involves the congress interfering with the Fed's monetary decisions. Economists feel that the bill will will hurt the economy by putting ideas into peoples' heads about monetary policy.
The purpose of Rand Paul's bill that was purposed tothe house, was to audit the Federal Reserve's monetary policy and all their millions of foreclosures. The reason Democrats are against this bill, it interferes with the Federal Reserve. The federal reaerve is a Independant agency and it is involving congress in the matter. With this happening it inteferes with the Federal reserves monetary choices. What the Economists believe is that the bill is insidious towards the economy. They believe the bill will place place negative propaganda in peoples minds. That is the purpose of the bill and whybthe democrats oppose it.
ReplyDeleteRepublican Senator Rand Paul from Kentucky proposed a bill that is suppose to audit the Federal Reserve’s monetary policy operations and millions of foreclosures which in turn has caused banks, especially those with homeowners, to heavily feel the financial aftershock of this new bill. Two Democrats in opposition with the proposal of this bill are Sen. Brown and Sen. Elizabeth. These two Senators believe that the bill itself promotes congressional meddling in the Fed’s monetary policy decisions. Democrats are against this bill because they “do not see how this legislation will benefit the working Americans,” said spokeswoman Meghan Dubyak. There is also the belief that it will risk politicizing those decisions and can have negative implications of financial stability and global economic health. Economists like Paul Krugman believe that this bill could result in damage to the economy instead of healing it to be more productive due to the superfluous voices and opinions that only inhibit decision making, creating more difficulty for the Fed. This proposal basically grants all kinds of corrupt congressmen the okay to impede into Federal monetary policy decisions although the whole point of being “politically independent” is for the Federal Reserve to be independent from the executive branch. Therefore I believe that the Fed should remain independent from congressional meddling but maybe an audit may take place in regularity in order to keep a balance and allow a bit of truth to shine through of what the Fed is doing with all of the money.
ReplyDeleteCARLIE LIBRIZZI
ReplyDeleteThe bill proposed by Senator Rand Paul is meant to audit both the Federal monetary policy operations and millions of foreclosures. This bill could account for the widespread abuse that banks used against homeowners in the aftermath of the financial crisis. Democrats, including Senator Elizabeth Warren and her fellow financial report advocate Senator Sherrod Brown, disagree with Rand's bill claiming, "I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy". Democrats agree with regulating the Fed's operations more closely, but feel as though they should draw the line at monetary policy. Economist like Paul Krugman and Mike Konczal argue that the audit would, "empower kooky ideas about monetary policy -- particularly those of Paul himself -- and could ultimately damage the economy". Paul Krugman therefore believes that the Republican party has been in an inflation warning for a long time now and the Fed's monetary policy will only make it harder.I think that the FED should be independent of Congressional meddling because, as the Democrats have stated, politicizing monetary policy decisions would be terrible for the stability and health of the global economy. During the financial crisis, Ben Bernanke, then Federal Reserve chairman, and Tim Geithner, then president of the New York Fed, worked closely with Treasury Secretary Henry Paulson on various bailout activities, with Bernanke even helping sell Congress on a $700 billion bailout bill. Furthermore, the Fed has also (successfully) fought to prevent the public disclosure of records that detail widespread foreclosure abuses by big banks.
15% of the rich people get their wealth from the financial industry.This is bad for our economy because finance isn't impactiual part for the wealthy. In 1982, the first Forbes' list was published. Prosperity and the nation's economy is ever decreasing. Financialization is a process in which market's institutions, and the wealthy gain influence over policies and outcomes in economy. This process leads to income inequality and contributes to a wage stagnation. This makes the economy prone to debt deflation and prolonged recession.I honestly Love every single person on this list, if you make it on the list you did something right and deserve recognition. All rich people are my idols, they are my goals, and they deserve everything they have in my opinion
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