via Wikipedia:
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch. 3) is an Act of Congress that created and established the Federal Reserve System, the central banking system of the United States, and which created the authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.
How we view under the Constitution:
The Federal Reserve has devalued the currency, acted as the funding mechanism for countless unconstitutional programs – and shouldn’t even exist.
- John Locke vs Lysander Spooner: Consent of the Governed - May 1, 2024
- Sovereignty and the Constitution: Government as Agent of the People of the States - April 29, 2024
- The Law: An Intro from the Founders to Frederic Bastiat - April 26, 2024