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August 9th, 2014, 7:30pmET

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Old 04-01-2010, 04:45 PM   #11
SteelCityMom
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Default Re: Is the Federal Reserve Constitutional?

Quote:
Originally Posted by GoSlash27 View Post
SCM,
Preachin' to the choir.
Central banking and a debt-driven economy have been a scourge.
So yeah... this isn't what the 14th was intended for, but it is technically permissible under it. Just as section 1 applies to more than just freed slaves, section 4 permits Federal debt.

BTW, I love the idea of buying out the Fed for a billion dollars.

Yeah, I know what you mean, just don't like it at all. I probably wouldn't be so critical of the Fed if there was some way for Congress or the public to be able to keep an eye on what they are doing. It's like a construction company contracting out a huge building job from a separate source, and then never checking up to see if their work is substandard or not, or if their even working at all, but paying them anyway! Just pure insanity.
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