posted on Jul, 26 2009 @ 01:31 PM
reply to post by cpdaman
I actually agree 100% .. politicians in charge of economics is a horrible idea... and by all means the fed should exist to regulate banks, just as
automobile companies, insurance, health care etc all have regulatory commitees.
The Constitution declares Congress can print the money and manage the currency as well as levy taxes. The fed as it currently stands is
unconstitutional, and that's the only law I adhere to.
I don't belive the Fed is evil by any means... they have no interest in a failed us economy, I belive they act with a sense of self preservation.
They have to much power though, they are unelected officials that effect the citizenry directly.. there is also, I would say, a severe conflict of
I would rather see most of their powers given to the treasury.. this way the executive branch can help directly control it, with congress in sole
control over the currency.