Quote:
Originally posted by baltassoc
While walking up to ACL this weekend, I came across an SUV with a "Keep Austin Weird" sticker, a No tolls on Texas freeways sticker and puzzlingly, a sticker that stated simply "Repeal The Federal Reserve Act."
So my question is, why would one want to repeal the Federal Reserve Act?
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It is a private corporation exercising governmental powers.
On the other hand, the proper powers of the Federal Reserve perhaps should be expanded to cover the printing of all paper currency, since the Constitution only gives the government the power to "coin" money, not to print paper.
But generally arguments like these only make sense as historical relics. I had no idea people made them today.
