To the conspiracy theorists, the Federal Reserve is a dangerous, shadowy and unaccountable organisation – like the United Nations or CIA but without the black helicopters.
For more than 200 years, critics of the central bank have railed against an alleged lack of transparency, a threat to the fabric of the US by unelected moneymen. The wilder attacks are openly anti- semitic.
For more than 20 years, Ron Paul, the Texan Republican, has been trying to pass a bill that would audit the Fed's monetary policy decisions. He says US citizens need to know more about the inner workings of the organisation. But he has had little support.
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