Episode 293: Article I, Section 8, Pt.1
Words & Numbers
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Is This Consonant With Article One Section 8?
Article One, Section 8 gives Congress authority to coin money and regulate the value thereof. But there's nothing here that says that Congress can allocate that power to another party, which in effect was what it did with the creation of the Fed. "It would be analogous to people now saying things like, well, we need to have an income tax," he said.
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