Wednesday News: Prosperity Caucus to meet today; Rich Danker writes The Fed is not helping the little guy; Ralph Benko discusses Adam Smith’s writings on fractional reserve banking

***Announcement***

Wednesday January 16^th: The Prosperity Caucus and the Center for Financial Stability will be meeting at 6:00 PM today, at The Heritage Foundation- 214 Massachusetts Ave N.E. Washington DC

The guest speaker will be Kurt Schuler, who will talk about his new e-book “The Bretton Woods Transcripts”

Monetary Reform

From TGSN, Ralph Benko discusses Adam Smith’s writings on fractional reserve currency. 

In Real Clear Politics, Rich Danker writes “who is The Fed helping? Not the little guy”. 

Tax

At Digital Liberty, Katie McAuliffe calls the internet sales tax a legislative hydra. 

Spending

On CNBC, Grover Norquist says Obama’s crazy spending must be stopped.

From The WSJ, Damian Paletta asks how late will the budget be?

In The Kudlow Report, the GOP makes the case to cut spending. 

Pension

In The Northwest Herald, Doug Finke expects the Illinois state pension drain to hit schools and government operations.

From The WSJ, Andrew Ackerman states the pension funding gap is widening for big cities.