The Fed-Wall Street Revolving Door Must Be Shut

The Fed-Wall Street Revolving Door Must Be Shut

Recently, two prominent Republicans, Banking Chairman Richard Shelby of Alabama and House Financial Services Jeb Hensarling of Texas, stated that they plan to explore proposals that would roll back a long-standing provision that gives the president of the New York Federal Reserve an automatic position as vice chairman of a powerful committee that oversees Wall Street banks. Not surprisingly, long-time New York Fed President–and long-time Goldman Sachs executive–William Dudley has vehemently opposed criticisms that his branch of the Fed has given Wall Street banks a …

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Welcome To Solidus.Center!

Welcome To Solidus.Center!

I’m elated to announce the launch of Solidus.Center! The center is the realization of my long-time dream of promoting economic strength and stability, sound money, equality of opportunity, and reduced government debt by limiting the Federal Reserve System’s influence on the American economy.

Our work is extremely important. The Federal Reserve has had a remarkably negative impact on the economic health of this country. Yet, many Americans’ understanding of the root cause of our nation’s economic woes is obscured by ignorance, ideology, and/or political affiliation. As …

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