Gov. Gary Johnson Applauds House Vote to Audit the Fed


July 25, 2012, New York City Calling it a “long overdue step toward the Federal Reserve transparency we deserve”, presidential candidate and former New Mexico Governor Gary Johnson applauded today’s vote in the U.S. House to approve Congressman Ron Paul’s Federal Reserve Transparency Act.

In a statement, Johnson said, “Since the Federal Reserve was created in 1913, the dollar has lost 97 percent of its value. And in recent years, the Fed’s attempts to ‘stimulate’ the economy by essentially creating new dollars out of thin air are threatening the very currency they are supposed to be protecting. Yet, they have operated for almost 100 years behind closed doors with a ‘don’t ask, don’t tell’ approach to controlling our money.

“Congressman Ron Paul has been far ahead of the rest of Congress on this issue for many years. It is truly gratifying that, finally, a majority of House Members have heeded his calls for Fed transparency. Now, it is time for the Senate and the White House to do the same.

“As the Federal Reserve exercises massive power over the value of Americans’ money and assets, it is only right that we have a reasonable opportunity to see what they are doing and why they are doing it.”




About presidential candidate Gary Johnson: Gary Johnson, two-term governor of New Mexico from 1995-2003, has been a consistent advocate for limited, efficient government and personal liberty. Johnson switched from the Republican Party to the Libertarian Party on Dec. 28, 2011. As the Libertarian Party nominee, Johnson will appear on all 50 states' ballots. An outspoken pro-Constitution Libertarian, Johnson would end the war in Afghanistan now. He opposes the failed multi-billion dollar war on drugs and demands greater transparency at the Federal Reserve. As president, Johnson would cut federal spending by 43 percent, slash debt and make government live within its means while reducing taxes and regulation to foster real job creation and economic opportunity like he did in eight years as governor. The National Review said he was "#1" in job creation as governor. An avid skier and bicyclist, he has reached the highest peaks on four of the seven continents, including Mount Everest.