Rep. Thomas Massie (R-KY) has reintroduced legislation to abolish the Federal Reserve.
“Representative Thomas Massie (R-KY) announces the introduction of H.R. 1846, the Federal Reserve Board Abolition Act. Rep. Massie’s legislation abolishes the Board of Governors of the Federal Reserve and the Federal Reserve banks. It also repeals the Federal Reserve Act, the 1913 law that created the Federal Reserve System. Senator Mike Lee (R-UT) leads the companion bill in the United States Senate, S. 869,” Massie’s office stated in a Wednesday press release.
“Americans have suffered under crippling inflation, and the Federal Reserve is to blame,” Massie said.
“During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By
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