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
Latest posts by Mike Maharrey (see all)
- A Frightful Despotism - April 9, 2026
- The Debt is a National Security Threat - April 2, 2026
- Ignorance and Freedom Cannot Coexist - March 19, 2026