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“End the Fed”: Libertarian Congressmen argue for elimination of Federal Reserve at YAL conference

Rep. Justin AmashDuring a conversation filled with one-liners, Kentucky Rep. Thomas Massie was the clear winner when he declared that the federal government should “End the Fed.”

The libertarian Republican, who was elected to office in November, expressed his desire to eliminate the federal agency during a panel at the 2013 Young Americans for Liberty National Convention in Arlington, Va. Thursday night.

In fact, he opposes the nation’s central bank so much that he even has license plates that read “N D Fed,” to which the conference participants roared in laughter before fellow libertarian and Michigan Rep. Justin Amash (R) suggested that the federal government replace the Fed with “Free banking.”

What to do about the Federal Reserve was only one of the topics discussed during the YAL panel, which was moderated by Next Generation TV host Michelle Fields. Massie, Amash, Rep. Raul Labrador (R-Idaho) and Rep. Mick Mulvaney (R-S.C.) also discussed immigration reform and their failed amendment to curb the National Security Agency’s surveillance powers during the one-hour panel.

Labrador, who worked as an immigration lawyer for 15 years before running for Congress and at one point was a member of the House’s “Gang of 8,” argued that  there is a huge need for immigration reform – as long as it’s done right.

“The number one goal for me is making sure we don’t have this debate again ten years from now, or twenty years from now,” he said. “If all of you – and I’m sure you’ve read in your immigration books – about the 1986 act that gave us the amnesty of 1986, the reason that failed is because there was no border enforcement and there was no interior enforcement.”

“No administration – Republican or Democrat – decided to actually enforce the laws that are in the books,” he added.

The congressmen also agreed that while the “Amash-Mulvaney-Massie-Polis-Conyers” amendment to restrict the NSA’s surveillance powers was ultimately defeated on the House floor, the fact that it even came to a vote was a major success for them.

“What we wanted to do was have the debate on the House floor – and we had the debate and now the American people have heard us and they’re going to continue to fight with us and use the amendment,” Labrador said.

There are several members of Congress, “especially Republican members – that are regretting their vote right now,” he continued.

Mulvaney added “that it was the one day he was really really proud to be a member of Congress.”

Amash also took the opportunity to fight back against Sen. John McCain (R-Ariz.) and the others who called him a “wackobird” back in March, telling the conference that the difference between him and the establishment Republicans who gave him the nickname was, well, “Everything.”

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