AS SUMMER BECOMES fall, we commence the 100th anniversary of
that most glorious of all the violations of the United States
Constitution, the Federal Reserve. The legislation that eventually
emerged as the Federal Reserve Act was introduced in the House in
August 1913 and was enacted and signed in December. The Fed itself
started doing business in 1914. It would seem that this is a dandy
time to pause in our national rush to ruin so as to reflect on what
the first century of the Fed has wrought.
The chairman of the Joint Economic Committee in Congress, Representative Kevin Brady, has been nursing a bill to create a Centennial Monetary Commission. The idea would be to look at all the questions related to how the Federal Reserve System has, or has not, worked. The Texas Republican is a cheerful, sensible, moderate fellow who has put out word that he wants the commission to be “brutally bipartisan.” Wouldn’t you know but that the Commission is given but a 14 percent chance of getting out of Brady’s own committee and a 2 percent chance of becoming law.
http://spectator.org/archives/2013/08/26/fed-up-yet
The chairman of the Joint Economic Committee in Congress, Representative Kevin Brady, has been nursing a bill to create a Centennial Monetary Commission. The idea would be to look at all the questions related to how the Federal Reserve System has, or has not, worked. The Texas Republican is a cheerful, sensible, moderate fellow who has put out word that he wants the commission to be “brutally bipartisan.” Wouldn’t you know but that the Commission is given but a 14 percent chance of getting out of Brady’s own committee and a 2 percent chance of becoming law.
http://spectator.org/archives/2013/08/26/fed-up-yet
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