I’m 9.5 On Julie Borowski’s 10 Reasons To End The Fed
Posted on | February 2, 2012 | 5 Comments
by Smitty
I don’t fully agree with #8, “The Federal Reserve is Unconstitutional”. The Federal Reserve Act followed the usual course of legislation, and was signed into law by Woodrow “Effing” Wilson. In my opinion, the Federal Reserve urinates all over the spirit of the Constitution, for reasons Julie well and truly elaborates.
However, just as it’s not explicitly illegal to sit down with a case of whiskey and drink yourself to death, I wouldn’t argue that the Federal Reserve is strictly un-Constitutional. Plenty of other nonsense afoot today is, but Bicycle Pump Ben is not.
Comments
5 Responses to “I’m 9.5 On Julie Borowski’s 10 Reasons To End The Fed”
THE FULL METAL JACKET REACH-AROUND AWARD
This spot rotates to honor those who link us in shameless obedience to Rule 2 of "How to Get a Million Hits on Your Blog."
HIT THE FREAKING TIP JAR!
Search
Recent Posts
- Modern Motherhood, Florida-Style
- The Other Podcast Rides Again
- FMJRA 2.0: Too Much Too Young
- Democrats and the Media (But I Repeat Myself) Are Trying to Destroy America
- John Weaver: ‘The Truth Is I’m Gay’
- In The Mailbox: 01.15.21
- The Media’s Gaslighting Intensifies: Trump Voters Are ‘Terrorists’?
- In The Mailbox: 01.14.21
- In The Mailbox: 01.13.21
- To Say the Least . . .
Click here to manage your email subscription options.
RSS reader subscription
MEMEORANDUM
Recent Comments
- Animal’s Hump Day News | Animal Magnetism on Night Of The Digital Long Knives
- Wednesday Linkage « Bacon Time !!!!!! on Can I Get a ‘Roll Tide,’ Please?
- Web Links And More Yummy Hotties Than Pelosi Could Ever Impeach! (32 Pics) | HarshBrutus on Rule 5 Sunday: Rep. Lauren Boebert
- I was off, a little – Da Boom on Night Of The Digital Long Knives
- FMJRA 2.0: Broken Whiskey Glass : The Other McCain on Real Life Is Not Twitter or a Video Game
THE AMAZING GONZO FEED
Blog-Fu Ninja Masters
ADVERTISEMENT
Axis of Fedorables
- All-American Girl for the Restoration of Values
- Allergic to Bull
- Cat House Chat
- Chris Cassone
- Conservative Daily News
- DaTechguy
- Fishersville Mike
- Girl on the Right
- Haemet
- Just A Conservative Girl
- Little Miss Attila
- Marooned in Marin
- Paco Enterprises
- So It Goes In Shreveport
- SWAC Girl
- The (Perhaps Slightly Less) Lonely Conservative
- The Camp of the Saints
- The World's Youngest Blogger
- Uncoverage
- VA Right
AMAZING SAVINGS NOW!
Archives
- January 2021 (42)
- December 2020 (77)
- November 2020 (81)
- October 2020 (84)
- September 2020 (94)
- August 2020 (75)
- July 2020 (68)
- June 2020 (83)
- May 2020 (77)
- April 2020 (65)
- March 2020 (85)
- February 2020 (94)
- January 2020 (95)
- December 2019 (88)
- November 2019 (60)
- October 2019 (113)
- September 2019 (92)
- August 2019 (91)
- July 2019 (88)
- June 2019 (80)
- May 2019 (74)
- April 2019 (97)
- March 2019 (100)
- February 2019 (85)
- January 2019 (93)
- December 2018 (90)
- November 2018 (83)
- October 2018 (96)
- September 2018 (79)
- August 2018 (107)
- July 2018 (98)
- June 2018 (86)
- May 2018 (78)
- April 2018 (78)
- March 2018 (97)
- February 2018 (61)
- January 2018 (70)
- December 2017 (62)
- November 2017 (68)
- October 2017 (67)
- September 2017 (70)
- August 2017 (68)
- July 2017 (52)
- June 2017 (60)
- May 2017 (56)
- April 2017 (80)
- March 2017 (80)
- February 2017 (102)
- January 2017 (104)
- December 2016 (65)
- November 2016 (86)
- October 2016 (77)
- September 2016 (81)
- August 2016 (66)
- July 2016 (83)
- June 2016 (81)
- May 2016 (65)
- April 2016 (64)
- March 2016 (81)
- February 2016 (74)
- January 2016 (66)
- December 2015 (64)
- November 2015 (85)
- October 2015 (71)
- September 2015 (80)
- August 2015 (67)
- July 2015 (79)
- June 2015 (69)
- May 2015 (72)
- April 2015 (94)
- March 2015 (122)
- February 2015 (71)
- January 2015 (93)
- December 2014 (99)
- November 2014 (67)
- October 2014 (109)
- September 2014 (87)
- August 2014 (106)
- July 2014 (132)
- June 2014 (154)
- May 2014 (126)
- April 2014 (145)
- March 2014 (144)
- February 2014 (142)
- January 2014 (185)
- December 2013 (192)
- November 2013 (174)
- October 2013 (175)
- September 2013 (181)
- August 2013 (172)
- July 2013 (147)
- June 2013 (135)
- May 2013 (128)
- April 2013 (105)
- March 2013 (162)
- February 2013 (191)
- January 2013 (206)
- December 2012 (190)
- November 2012 (176)
- October 2012 (240)
- September 2012 (206)
- August 2012 (235)
- July 2012 (223)
- June 2012 (161)
- May 2012 (230)
- April 2012 (269)
- March 2012 (282)
- February 2012 (247)
- January 2012 (267)
- December 2011 (285)
- November 2011 (300)
- October 2011 (302)
- September 2011 (297)
- August 2011 (288)
- July 2011 (297)
- June 2011 (245)
- May 2011 (260)
- April 2011 (344)
- March 2011 (293)
- February 2011 (201)
- January 2011 (263)
- December 2010 (265)
- November 2010 (266)
- October 2010 (305)
- September 2010 (280)
- August 2010 (272)
- July 2010 (230)
- June 2010 (244)
- May 2010 (256)
- April 2010 (222)
- March 2010 (271)
- February 2010 (286)
- January 2010 (229)
- December 2009 (21)
- October 2009 (1)
Wombat's Wizards of Blog
SHAMELESS CAPITALISM
The Other McCain is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for this blog to earn fees by linking to Amazon.com and affiliated sites.
Can't Get Enough of That Hot Bloggy Stuff
- All-American Blogger
- American Glob
- American Power
- Anti-Idiotarian Rottweiler
- Athens & Jerusalem
- Barney Quick
- Bartholomew's Notes On Religion
- BatesLine
- Bear Creek Ledger
- Bearsears Patriots
- Blog de KingShamus
- Blueshelled
- Bride of Rove
- Cold Fury
- Dr. Helen
- Dustbury
- Five Feet of Fury
- I Own The World
- Legal Insurrection
- Little Miss Attila
- No Runny Eggs
- Obi`s Sister
- Piece of Work in Progress
- Pirates Cove
- Rhetorican
- The Conservatory
- The Sundries Shack
- VodkaPundit
- Zilla of the Resistance
Blogroll
- 90 Miles From Tyranny
- A Conservative Shemale
- AmSpec Blog
- Bad Blue
- Caffeinated Thoughts
- Calvin Freiburger Online
- Carol's Closet
- Cassy Fiano
- Catholic Bandita
- Catholic Tide
- Caught Him With A Corndog
- Cecil Calvert
- Charles G. Hill
- Clever S. Logan
- Common Cents
- Common Cents
- Conservative Girl With a Voice
- Conservative Hideout
- Conservative Watch News
- Conservatives for America
- Conservatives For Palin
- Crazy For Liberty
- Creative Minority Report
- Crush Liberalism
- Cubachi
- Cynthia Yockey
- Dad 29
- Daria DiGiovanni
- Dateline Zero
- DC Damsel
- Dr. Flap
- Dyspepsia Generation
- Effing Conservatives
- Election Dissection
- Ennui Pundit
- Eric Reasons, IT Genius
- Evil Blogger Lady
- Eye of Polyphemus
- Fausta's Blog
- Finding Ponies. . .
- Fire Andrea Mitchell
- For What It's Worth
- Founding Bloggers
- Free Will
- Funny and Jewish
- Gay Patriot
- Get Along Home
- GM's Place
- Grandpa John's
- Granite Grok
- Granny Rant
- GrEaT sAtAn"S gIrLfRiEnD
- Hit & Run
- Hoosier Access
- Hot Air Green Room
- Hugh Hewitt
- Ignorant Me
- Inside Charm City
- Is This Blog On?
- Jackie Wellfonder
- John William Perry
- Judicial Watch
- Jumping in Pools
- Katy's Conservative Corner
- KillTruck
- KURU Lounge
- Laughing Conservative
- Laura Elizabeth Morales
- Lead and Gold
- Lee Hernly
- Libertarian Republican
- Liberty Pundits
- Life, Liberty, and the Pursuit of Happiness
- Live Action
- Maj. Steven Givler
- Makes My Brain Itch
- Marathon Pundit
- Martin Eisenstadt's Blog
- Media Fade
- Michael Leahy
- Mind Numbed Robot
- Mister Pterodactyl
- Monique Stuart
- Morally Right
- My Blog
- My Thoughts on Freedom
- Naked Villainy
- Nathan Martin
- Never Yet Melted
- Newsreal Blog
- Nice Deb
- noot's observatory
- Not One Red Cent
- NOVA Townhall
- Ollieander
- Ordered Liberty
- Outside the Beltway
- Pierre Legrand's Pink Flamingo Bar
- Pileus
- Pinup Girl
- PJ Tatler
- Point of a Gun
- Political Clown Parade
- Political Pit Bull
- Politicaljunkie Mom
- Primordial Slack
- Public Secrets
- Pundit and Pundette
- Reaganite Republican Resistance
- Red Alexandria
- Red Dog Report
- Red State Eclectic
- Red, White & Conservative
- Republican Redefined
- ResCon1
- Rhymes With Right
- Ric's Rulez
- Ricochet
- Right of Course
- Right Pundits
- Right Turns Only
- Right View From the Left Coast
- Right Wing News
- Right Wing Nut House
- Robipedia
- Robomonkey
- Ruby Slippers Blog
- Saberpoint
- Scared Monkeys
- Sentry Journal
- Serr8d's Cutting Edge
- SI VIS PACEM
- Sissy 'put moi in your blogroll' Willis
- Skepticrats
- Smash Mouth Politics
- Sooper Mexican
- Southern Maryland Online
- Soylent Green
- St. Blogustine
- Stacy on the Right
- Story Balloon
- Suzy Rice
- Taking Hayek Seriously
- Tel-Chai Nation
- Tequila & Javalinas
- That Mr. Guy
- The Aged P
- The American Catholic
- The Anchoress
- The Blogmocracy
- The Busted Nut
- The Classic Liberal
- The Daily Conservative
- The Daily Ramble
- The Daley Gator
- The Essex Blog
- The Frugal Cafe
- The Hay Ride
- The Indentured Servant Girl
- The Izzy Report
- The Jawa Report
- The Last Tradition
- The Looking Spoon
- The Minority Leader
- The Minority Report
- The NeoSexist
- The Nose on Your Face
- The Political Commentator
- The Prudence Paine Papers
- The Real Mike
- The Republican Mother
- The Right Sphere
- The Saint Angilbert Press
- The Snark Factor
- The Snooper Report
- The Tiger on Politics
- The Underground Conservative
- The View From LL2
- The Washington Rebel
- Three Beers Later
- Threedonia
- Thunder Tales
- Tigerhawk
- Tom McLaughlin
- Tory Anarchist
- TrogloPundit
- Ui2 — Informed Dissent
- Urban Grounds
- Valley of the Shadow
- Vets On The Watch
- Vox Day
- Watcher of Weasels
- Western Experience
- Wintery Knight
- Word Around the Net
- World's Only Rational Man
- WyBlog
- Yankee Phil
- Zingstrom's Blog
February 3rd, 2012 @ 2:54 am
It isn’t necessary to believe the Fed is unconstitutional to recognize that Bernanke and the FRB have repeatedly exceeded their authority and engaged in disastrous policies which must be damaging in the long term.
The default alternative to the Fed is Congress, which is woefully incapable of addressing the nation’s money supply needs. The money supply has to be adjusted several times a year due to economic growth and the retirement of perishable paper currency. The Senate hasn’t even voted on a budget in nearly three years, how do we expect a quarterly order for the Mint could be reached?
Beyond the structural inability, Congress realized it is impossible for it to divorce the currency from political considerations. In the last century, how many things has Congress admitted it is unable to do? We only have the FRB in the first place because Congress realizes it is completely incompetent to perform the necessary function.
“End the Fed” is not only practically impossible but operationally dysfunctional. “Reform and regulate the Fed” is sensible and required. In the spirit of compromise, I suggest we hang Bernanke publicly – everybody wins!
February 3rd, 2012 @ 3:04 am
On another blog one lefty bragged about Obama’s performance, claiming the deficits don’t matter since we are seeing no inflation from the “quantitative easings” used to pump up the supply to pay for them (we can’t sell that many bonds, even to China).
The Fed is the reason we see no inflation because they have artificially kept the interest rate at near zero and the dollar ever weakening. This subsidizes the export sector, which has led us out of every recession since the ’70s, provides a theoretical stimulus to housing with low mortgage rates, and prevents inflation. Does this sound familiar to anyone?
It is precisely the policy followed by the Japanese central bank to address their banking crisis of the late ’80s/early ’90s. They kept interest close to zero for years, but suffered miniscule growth along with it. Now it is called “the lost decade.”
Bernanke is one of the leading authorities on the banking practices which contributed to the Great Depression, and is known to be determined above all else to avoid that happening again. In that he has been successful, but only at the cost of postponing much of the creative destruction of capitalism which reallocates resources more efficiently and stimulates growth. In his mind, he has been successful.
February 3rd, 2012 @ 4:44 am
I’m not advocating violence against anyone.
Ending the Fed in its current form is essential.
February 3rd, 2012 @ 4:45 am
With all of the borrowing, and the American ignorance of the problem, can one argue we effectively have a ‘disinterest’ rate?
February 3rd, 2012 @ 8:29 am
The Fed as currently established is, without doubt, unconstitutional. Congress is charged with coining and regulating the value of teh currency, which has been abdicated to the Fed, which is a private organization. If it were a part of the FedGov, as an adjunct to, and directly responsible to Congress, then it would be legal.
The legal functions of the Fed, frankly, will always be political. But, it was established as a private organization, and allowing FedGov to appoint the head of the Bank does not ameliorate the illegality of the bank.