Sunday, December 18, 2016

Congress should “coin money”

The US Constitution was adopted to support a free market economy using a small government with limited powers and it worked. 

Before the creation of the Federal Reserve in 1913, the US dollar fluctuated based on changes in the free market economy and actually strengthened on its own to reflect the productivity increases due to labor-saving inventions developed during the industrial revolution from the 1800s to 1900.

The US dollar of 1913 is worth less than 3 cents because of money printing by the Federal Reserve.

Congress needs to reassume its responsibility to “coin money” and repeal the Federal Reserve Act of 1913. The free market would set the interest rates and the Congress would not print money the way the Federal Reserve did.


Norb Leahy, Dunwoody GA Tea Party Leader

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