Lobby Lizard

So glad we've almost made it
So sad they had to fade it
Everybody wants to rule the world
--Tears for Fears

For the first time since its establishment in 1913, the Federal Reserve has hired a lobbyist. The objective of this lobbyist is to influence Congress to reject the 'audit the Fed' bill, thereby keeping the central bank shrouded in secrecy. It looks like the Fed is getting its money's worth as the Senate watered down the bill at the last minute.

One argument for limited government is that it is easier to monitor and understand--i.e., it is more 'transparent.'

Authoritarian regimes crave just the opposite. As demonstrated by these actions to suppress audits of the Fed, bureaucrats naturally seek opacity in their dealings to reduce accountability and to strip power from the people.