Connor Boyack’s newest offering in the Tuttle Twins series is an adaptation of the complex ideas found in The Creature from Jekyll Island: A Second Look at the Federal Reserve for children.Details
The only accountability the Federal Reserve has is ultimately to Congress, which granted its charter and can revoke it at any time. It is Congressâ€™s constitutional duty to protect the value of the money, and they have abdicated this responsibility for far too long.Details
The only legitimate, Constitutional role of government in monetary policy is to protect the integrity of the monetary unit and defend against counterfeiters.
Instead, Congress has abdicated this responsibility to a cabal of elite, quasi-governmental banks who, instead of stabilizing the economy, have destabilized itDetails
by Ray Bilger
The basic idea of the Founding Fathers was to get government as close to the people as possible. In other words, a small federal government, with strong local and state governments. Thomas Jefferson said, â€œWhen all government shall be drawn to Washington as the center of all power, it willâ€¦ become as oppressive as the government from which we separated [ourselves, the government of England].â€
Do you think that a bloated federal bureaucracy might be at the root of the problems we are facing today in our American Republic? Our nationâ€™s Founders never dreamed that the federal government would become the octopus that it is, with its tentacles reaching into every facet of our lives. Is there a solution? Yes, and itâ€™s already happening now!Details
by Perry Willis, DownsizeDC.org
The stock market rises and then crashes. Housing prices soar and then plummet. The Federal Reserve causes these booms and busts by constantly expanding and contracting the supply of money and credit.
Credit expansion by the Federal Reserve increases the demand for producer assets and investment instruments. This causes bubbles in things like stocks and housing. When the Fed then contracts credit to avoid systemic price inflation the asset bubbles burst.
This is the history of the Federal Reserve — booms and busts, mixed with episodes of economic stagnation and high inflation like the 1970s.Details