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Let's Just Say It: Print More Money
[
View article
]
"So, print money. It's an economic tool actually bestowed by the Constitution to Congress (who's outsourced it to the Fed)..."
This is a patently false statement. No where does it say Congress can "print money" or "outsource" anything. It says Congress has the power to:
"coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;"
Further, it says,
"To provide for the punishment of counterfeiting the securities and current coin of the United States;"
And isn't that what the Fed does, "legalized" counterfeiting?
Also, If Congress can "outsource" then why not just have it delegate all it's authority to the President and crown him dictator?
Jan 23 09:14 am
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Gedankonomist's
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249 comments
Rating:
175
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119
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Let's Just Say It: Print More Money [View article]
This is a patently false statement. No where does it say Congress can "print money" or "outsource" anything. It says Congress has the power to:
"coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;"
Further, it says,
"To provide for the punishment of counterfeiting the securities and current coin of the United States;"
And isn't that what the Fed does, "legalized" counterfeiting?
Also, If Congress can "outsource" then why not just have it delegate all it's authority to the President and crown him dictator?