Amazon.com Widgets
  • Audit the Fed

    Would you really trust politicians with the money supply? All you have to do is look at countries where the national government does control its own money supply. As far as the constitutionality arguments, the Fed was established by an act of congress and could just as easily be abolished by an act of congress. Auditing the Fed is a good idea as this would give all of us more information on how the Fed is behaving.

  • Inflation rates not ruined

    The inflation rate could very possibly go really high if the government was in power. With the governments debt right now, it is very tempting to just print money, the only thing keeping government from doing that is the power to do that. A large inflation rate could be very detrimental to the economy. Also it is better if the ones who control the economy act using their expertise rather then their political opinion.

  • Free from Political Pressures

    I think it is important that the Fed is independent of the government. The positions the Board members hold is a great responsibility, but I don’t think it is too much power for a group to have. I think we need the Board at the helm of our financial “ship” because the Fed plays an extremely important role in our economy.

  • Yes. I believe our economy depends on independence.

    My thoughts are that the level of independence given to the federal reserve gives them power to act on their expertise rather than their political beliefs. It is true that there needs to be some level of oversight. However, if they were tied in too closely with the government, there would be a lot of potential damage. The current political gridlock has only reaffirmed the reason why it is necessary to give the Fed some autonomy.

  • It is UNCONSTITUTIONAL for the Fed to be Independent and exercise the regulatory powers it does.

    It is not only unlawful for the Fed to be independent, it is unconstitutional for the Fed to have any regulatory control over the value of our money. The power to regulate the value of U.S. money is vested specifically in the U.S. Congress. Congress cannot delegate or divest itself of a CONSTITUTIONAL power. This power is vested in Congress, and Congress ALONE has the lawful power to regulate the value of our money and the exchange value of foreign currencies.

    See the U.S. Constitution, Article I, Sections 1 and 8:
    "All legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives. ... The Congress shall have power ... To borrow money on the credit of the United States ... To coin money, regulate the value thereof, and of foreign coin ..."

    Congress simply CANNOT lawfully divest itself a Constitutional authority! What other constitutional powers are vested in Congress? Here’s three examples: The power to declare war. The power to impeach the President. The power to levy taxes. Congress could not delegate these powers, and it cannot delegate it's monetary policy powers, either.

    Unfortunately, many economists and banking interests seem to think that an INDEPENDENT Fed is desirable. They want you to believe that it’s necessary for monetary policy to be independent of Congress. Not only is this "independence" unnecessary, it is unlawful!!! It is simply not allowed by our Constitution and there’s no getting around that.

  • It is unconstitutional for the Fed to be independent

    It is not only unlawful for the Fed to be independent, it is unconstitutional for the Fed to have any regulatory control over the value of our money. The power to regulate the value of U.S. money is vested specifically in the U.S. Congress. Congress cannot delegate or divest itself of a CONSTITUTIONAL power. This power is vested in Congress, and Congress ALONE has the lawful power to regulate the value of our money and the exchange value of foreign currencies.

    See the U.S. Constitution, Article I, Sections 1 and 8:
    "All legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives. ... The Congress shall have power ... To borrow money on the credit of the United States ... To coin money, regulate the value thereof, and of foreign coin ..."

    Congress simply CANNOT lawfully divest itself a Constitutional authority! What other constitutional powers are vested in Congress? Here’s three examples: The power to declare war. The power to impeach the President. The power to levy taxes. It would be preposterous if Congress tried to divest itself or delegate those powers. As so it is with monetary policy.

    Unfortunately, many economists and banking interests seem to think that an INDEPENDENT Fed is desirable. They want you to believe that it’s necessary for monetary policy to be independent of Congress. Not only is this "independence" unnecessary, it is unlawful!!! It is simply not allowed by our Constitution and there’s no getting around that.

  • No, they already cause enough trouble.

    No, the federal reserve should not be independent, because then it will have less accountability to the government and to the people than it already has. The federal reserve already does so much to manipulate the economy in the U.S. It would be a shame if they operated under the impression that they answer to no one.

  • True independence does not mean anything.

    True independence does not mean anything. Currently, the fed is independent of the Government but it is influenced by the top private banks who regularly send (exchange) employees to Federal Bank. Inevitably, the interests are entangled and Fed ends up serving the interest of the riches who can time their decisions with deep insights.

  • Tighter Security

    No, the federal reserve should not be independent. It is currently independent, but that leaves too much room for corruption and abuse of power. The federal reserve should stay as far away from the private sector as possible. There's a chance it could become unstable and millions of other things could go wrong. The government needs to keep an eye on the federal reserve.

  • The federal reserve is already independent.

    The federal reserve is already independent. They are not in actuality a federal organization. They are a branch of the world banking system, not beholden to any United States law. Think of them as a loan shark, because that is what they are. They loan money to the United States, and we have to pay it back at interest. That is why we have the national debt.

  • No. Central banks are just part of government.

    Look at the most functional economies in the world and places with a high standard of living like Germany, and you will see a strong central banking structure that is tied in closely with the government. Some people may not like how that sounds, but it is what ensures stability, far more than something too independent and tied to corporate interests. As it stands, the current federal reserve system is already too connected to the private sector.

  • Conflict of interest

    Private institutions are beholden to serving profits and other self-interests while government institutions are beholden to serving the people and the nation's best interests. We can't expect anything but debt slavery for the citizens of our country while our finances are being controlled by an organization motivated by factors other than what's best for our nation.


Leave a comment...
(Maximum 900 words)
No comments yet.