โThe powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.โ
On Bloomberg, Jim Grant is asked how he feels about the three yes-men about to be appointed to the Fed.ย Most guests would offer a few empty statements about the great qualifications of our new overlords.ย Grant, on the other hand, gives a reply that only a few people...
Writes Ryan W. McMaken The states (and the local governments) are facing crushing deficits and declines in tax revenues. Unlike the feds, the states canโt simply monetize debt by having the Fed purchase enormous amounts of new debt. But that doesnโt mean the states...
State Representative Paul Opsommer (R-DeWitt) criticized regional Fed bank presidents for their testimony on Capitol Hill yesterday, saying their efforts to block inquiry into Wall Street bailout details continue to stymie needed financial reforms. “We continue...
Last Thursday, Ron Paul appeared on Bloomberg TV to discuss the Federal Reserve, placing the Consumer Financial Protection Agency under the Fed, and the need for government to stop intervening in the...
