President Joe Biden recently announced he is appointing Jerome Powell for a second term as chairman of the Federal Reserve. Biden said he valued Powell’s “independence.”
This perpetuates a silly myth – that the Fed is an “independent institution” above the political fray.
For Further Reading
How the Fed Wrecks the Economy
The Constitutionality of a National Bank: Hamilton vs. Jefferson
Michael Maharrey [send him email] is the Communications Director for the Tenth Amendment Center. He is from the original home of the Principles of '98 - Kentucky and currently resides in northern Florida. See his blog archive here and his article archive here.He is the author of the book, Our Last Hope: Rediscovering the Lost Path to Liberty., and Constitution Owner's Manual. You can visit his personal website at MichaelMaharrey.com and like him on Facebook HERE
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