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Post by Roland of Gilead on Sept 25, 2008 15:21:37 GMT -5
I'd sure like to know what the downside would be if we were to nationalize the Federal Reserve. I have always agreed with the concept of a central bank, but I see no constitutional basis for privatizing our money supply. I don't think the validity of the Fed has ever been tested in the courts, but I doubt they'd ever have the courage to hear a challenge on the issue.
Would we have to compensate shareholders who never had the legal right to exist?
It seems like a no-brainer to me, but maybe I'm naieve. I don't know if anyone here really has the expertise to explain things better, but I can't help thinking out loud.
Only two nationally known politicians have ever had the courage to speak on the subject, and neither will ever gain traction. They are Dennis Kucinich and Ron Paul, who are on opposite ends of the political spectrum yet often find themselves in agreement on a few issues. Of course, Ron Paul is a free-trade advocate, whereas Kucinich is a protectionist like me.
You know I despise Ron Paul, but I'll always give credit where it's due.
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