At 2/13/14 05:18 PM, leanlifter1 wrote:
Congress does not have the power to turn over control of the money supply to the Federal Mint. If I am wrong then please show me where in the Constitution that it states that Congress has the power to turn over control of the money supply to another institution.
I know I probably drive Camaro nuts sometimes since I am more of an originalist in my interpretation of the Constitution. So when it comes to issues like this I like to refer to what the Founders wrote or ruled on these types of issues.
In 1819 the Marshall Court (which set the stage for Constitutional Law, at least until the 1920s and the ascension of the Progressive Incorporation Doctrine) ruled on the issue of a central bank in McCulloch v. Maryland. In it, which was ruled on by a unanimous decision, Marshall cited that the Congress DID have the power to establish entities/agencies to execute their constitutionally derived duties/responsibilities. There were some requirements: it has to be reasonable and not expressly prohibited by the Constitution.
So the Founders themselves, you know the guys who wrote the Constitution and ratified it, interpreted the Constitution this way.
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But if you're so concerned about strict adherence to what the Constitution says, why do you consistently argue against the 2nd Amendment? I mean, it is actually very clear and unambiguous. (Feel free to respond in the proper thread.)
Furthermore, I'm not defending the Fed. I think we're playing with forces that the experts don't fully understand. But I don't think Ron & Rand are right on the unconstitutionality of it or our fiat currency.