Letting a bunch of politically-connected central bankers have so much power over the entire economy - isn't a really good idea. @mmaharrey10th#endthefed #economy #constitution #10thAmendment #libertarian pic.twitter.com/0uEjGVintg
— TenthAmendmentCenter (@TenthAmendment) July 28, 2021
Why Do We Care What This Guy Says?
Eight times a year, the Federal Reserve holds a meeting. Markets react wildly to the messaging coming out of these central bank gatherings, especially to what the Fed chairman says. This raises a question: why do we care so much about what a bunch of politically...
James Madison: The Constitution vs the National Bank
In 1791, James Madison gave two major speeches on the National Bank, opposing it primarily on grounds that it wasn’t a power expressly delegated in the Constitution. He also rejected claims that used the general welfare and necessary and proper clauses, along with the...
Thomas Jefferson: The Constitution vs the National Bank
In 1791, Thomas Jefferson wrote his Opinion on the Constitutionality of a National Bank, opposing it primarily on 10th Amendment grounds. He also rejected claims that used the commerce, general welfare and necessary and proper clauses. Path to Liberty, Fast Friday...Establishing a national bank was not included in the delegated powers of the #Constitution. @mmaharrey10th pic.twitter.com/Grdmdt2tiH
— TenthAmendmentCenter (@TenthAmendment) August 14, 2020