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.
If you think for one second that the federal reserve is an “independent institution,” I’ve got some mountaintop property here in Florida to sell you. @mmaharrey10th#EndtheFed #liberty #10thAmendment #politics #libertarian #truth pic.twitter.com/L7s22qWnvS
— TenthAmendmentCenter (@TenthAmendment) November 26, 2021
For Further Reading
How the Fed Wrecks the Economy
The Constitutionality of a National Bank: Hamilton vs. Jefferson
The post Federal Reserve Independence Is a Silly Myth first appeared on Tenth Amendment Center.
The Tenth Amendment Center works to preserve and protect Tenth Amendment freedoms through information and education. The center serves as a forum for the study and exploration of state and individual sovereignty issues, focusing primarily on the decentralization of federal government power. Visit https://tenthamendmentcenter.com/