Wednesday, February 09, 2011

Why are we having this conversation to begin with...?

Ryan confronts Bernanke over Fed’s purchases of U.S. debt, raises concerns about the dollar
By Jon Ward
The Daily Caller
Published: 11:01 AM 02/09/2011
Updated: 4:49 PM 02/09/2011
Why don't we simply abolish the Fed?

Everyone is under the impression that the "Federal Reserve" part of the U.S. government, when in fact it is a private entity allowed to exist by the The Federal Reserve Act of 1913. Constitutionally, the money supply is the responsibility of congress and was until 1913.

We should not even be having this conversation.

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