Below is my public statement of support for H.R. 8421, the Federal Reserve Board Abolition Act, sent on May 22, 2024 to Maine State Representative Lori Gramlich and Maine State Senator Donna Baily of Old Orchard Beach, Maine.
Today’s Sound Money Musings blog is a guest blog by Maine State Senator Jim Libby, with his Message to the Maine Legislative Council on January 30, 2023 regarding Legislative Resolution 577, entitled “Joint Resolution, Urging Congress to Limit The Federal Reserve’s Ability to Expand the Money Supply”.
Saco Bay Citizens for Sound Money opposes any proposals or legislation to audit the Federal Reserve System, either as an independent venture by Congress or as a preliminary step towards abolishing the Fed.
This book, originally published in 1994, is an excellent work by the late economist Murry Rothbard, laying out the case against central banking in general and the Federal Reserve in particular.