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Old Sep 5, 2007, 01:23 pm   #6 (permalink)
Technosoul
Volcanic Erupter
 
Posts: 8,967
Quote:
Quote by: The Decider View Post
Paul claims the Federal Reserve Bank, or any central bank, is unconstitutional. But the US Constitution's Article I, Section 8, clearly gives the US Congress the monetary authority "to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures." Where does it say the US Congress can't establish a central bank to regulate monetary policy?

LII: Constitution
I think you missed the point. He thinks that the money must be backed up with gold or something else of international value and not just manufactured without that consitutional aspect being honored.

Also, the IRS is a private company that seems to have lots of power over citizens. One might question if that is consitutional or not.

But I cannot log on to his interview so I am only guessing.
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