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	<title>Comments on: Why &#8220;Inflation&#8221; Is Back</title>
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	<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/</link>
	<description>Ideas on Liberty</description>
	<lastBuildDate>Wed, 15 Feb 2012 03:46:16 +0000</lastBuildDate>
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		<title>By: John</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-35380</link>
		<dc:creator>John</dc:creator>
		<pubDate>Wed, 17 Nov 2010 15:28:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-35380</guid>
		<description>James Madison fan I think your analogies are very misleading and I don&#039;t think they make your case. In the case of tax collection it is still Congress which passes the tax law that states how much taxes are to be collected, the Fed never consults Congress on how much money should be printed. What you&#039;re saying is that Congress doesn&#039;t actually execute the laws themselves, well that&#039;s stating the obvious, of course they don&#039;t because that was not their Constitutional power, that&#039;s reserved for the Executive branch. They cannot delegate legislative power which they often have. As far as purchasing military equipment again I don&#039;t think this analogy works. Congress still authorizes a budget for the purchase of military equipment so that quantity is fixed prior to any decisions of purchases that can be made. Similarly, the military cannot on its own decide to invade a country without the authorization of Congress either, nor could Congress ever constitutionally delegate the power to someone else to decide when and against whom to go to war with. So you&#039;re confusing two different things. The power to legislate and the power to execute that legislation. With regards to money the Fed has assumed both roles.</description>
		<content:encoded><![CDATA[<p>James Madison fan I think your analogies are very misleading and I don&#8217;t think they make your case. In the case of tax collection it is still Congress which passes the tax law that states how much taxes are to be collected, the Fed never consults Congress on how much money should be printed. What you&#8217;re saying is that Congress doesn&#8217;t actually execute the laws themselves, well that&#8217;s stating the obvious, of course they don&#8217;t because that was not their Constitutional power, that&#8217;s reserved for the Executive branch. They cannot delegate legislative power which they often have. As far as purchasing military equipment again I don&#8217;t think this analogy works. Congress still authorizes a budget for the purchase of military equipment so that quantity is fixed prior to any decisions of purchases that can be made. Similarly, the military cannot on its own decide to invade a country without the authorization of Congress either, nor could Congress ever constitutionally delegate the power to someone else to decide when and against whom to go to war with. So you&#8217;re confusing two different things. The power to legislate and the power to execute that legislation. With regards to money the Fed has assumed both roles.</p>
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		<title>By: James Madison Fan</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-32609</link>
		<dc:creator>James Madison Fan</dc:creator>
		<pubDate>Wed, 01 Sep 2010 17:31:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-32609</guid>
		<description>Joe,

True but that doesn&#039;t violate A1S7.  

The US government doesn&#039;t build the F-22 Raptor, Lockheed Martin/Boeing, a privately-owned, for-profit entity does. 

They don&#039;t have to use Federal employees to build a freeway from LA to New York, they contract out to dozens of companies and agencies from private businesses to state and local governments depending on jurisdiction.

The Congress is no more personally responsible for running the Fed than engineering and building the Stealth Bomber.  I&#039;m sorry but that isn&#039;t what A1S7 demands.  I&#039;m not trying to defend the Fed, I&#039;m trying to adjust a misunderstanding of the Constitution.</description>
		<content:encoded><![CDATA[<p>Joe,</p>
<p>True but that doesn&#8217;t violate A1S7.  </p>
<p>The US government doesn&#8217;t build the F-22 Raptor, Lockheed Martin/Boeing, a privately-owned, for-profit entity does. </p>
<p>They don&#8217;t have to use Federal employees to build a freeway from LA to New York, they contract out to dozens of companies and agencies from private businesses to state and local governments depending on jurisdiction.</p>
<p>The Congress is no more personally responsible for running the Fed than engineering and building the Stealth Bomber.  I&#8217;m sorry but that isn&#8217;t what A1S7 demands.  I&#8217;m not trying to defend the Fed, I&#8217;m trying to adjust a misunderstanding of the Constitution.</p>
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		<title>By: Joe Schmoe</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-32606</link>
		<dc:creator>Joe Schmoe</dc:creator>
		<pubDate>Wed, 01 Sep 2010 16:15:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-32606</guid>
		<description>@James Madison Fan,

All of those are public entities.  The Federal reserve is a privately-owned, for-profit entity; the essential difference being the incentive behind catering to shareholders rather than being responsible &amp; accountable to the government.</description>
		<content:encoded><![CDATA[<p>@James Madison Fan,</p>
<p>All of those are public entities.  The Federal reserve is a privately-owned, for-profit entity; the essential difference being the incentive behind catering to shareholders rather than being responsible &amp; accountable to the government.</p>
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		<title>By: TucsonTom</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-17112</link>
		<dc:creator>TucsonTom</dc:creator>
		<pubDate>Sun, 30 Aug 2009 19:39:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-17112</guid>
		<description>You&#039;re off topic folks. Inflation. Remember?</description>
		<content:encoded><![CDATA[<p>You&#8217;re off topic folks. Inflation. Remember?</p>
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		<title>By: James Madison Fan</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-16576</link>
		<dc:creator>James Madison Fan</dc:creator>
		<pubDate>Wed, 05 Aug 2009 23:28:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-16576</guid>
		<description>You do not need to amend A1S7.  Take a look at A1S8 which says:

“The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States.”

This does not mean that each member of Congress had to return to his home state to personally collect taxes.  The authority to collect taxes is vested in the Congress.  Congress delegates this authority to the IRS.  

This is also in A1S8:

“To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;”

This does not mean the Congress is supposed to be rounding up illegal aliens when they are not collecting taxes.  This does not mean Congress is supposed to administer tests or swear in new citizens.  The authority to establish rules of Naturalization is vested in the Congress.  Congress delegates this authority to ICE.

This is also in A1S8:

“To establish Post Offices and post Roads;”

This does not mean your Congressmen are supposed to drive from house to house delivering mail or don a work vest and build the roads themselves.  The authority to establish post offices is vested in the Congress and they delegate this to the US Postal Service.  Roads are built and maintained by various agencies.  

This is also in A1S8:

“To provide and maintain a Navy;”

This does not mean the Congress is supposed to mobilize on weekends to build carriers, submarines, and destroyers.  The power to provide a navy is vested in the Congress.  Congress delegates this power to the US Navy.

Are you seeing a pattern here?  I can go on for a couple more pages if you would like.  The Constitution tells Congress what they can do, not how to do it and certainly not that they have to do it themselves.

You need to remove this error from your argument or it undermines the validity of your other points.  You are not going to be able to convince people of the validity of your stance if one of the plank issues is completely wrong.  You might as well be offering that the Fed is illegal because Terra is flat or becasue Sol revolves around the Earth.</description>
		<content:encoded><![CDATA[<p>You do not need to amend A1S7.  Take a look at A1S8 which says:</p>
<p>“The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States.”</p>
<p>This does not mean that each member of Congress had to return to his home state to personally collect taxes.  The authority to collect taxes is vested in the Congress.  Congress delegates this authority to the IRS.  </p>
<p>This is also in A1S8:</p>
<p>“To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;”</p>
<p>This does not mean the Congress is supposed to be rounding up illegal aliens when they are not collecting taxes.  This does not mean Congress is supposed to administer tests or swear in new citizens.  The authority to establish rules of Naturalization is vested in the Congress.  Congress delegates this authority to ICE.</p>
<p>This is also in A1S8:</p>
<p>“To establish Post Offices and post Roads;”</p>
<p>This does not mean your Congressmen are supposed to drive from house to house delivering mail or don a work vest and build the roads themselves.  The authority to establish post offices is vested in the Congress and they delegate this to the US Postal Service.  Roads are built and maintained by various agencies.  </p>
<p>This is also in A1S8:</p>
<p>“To provide and maintain a Navy;”</p>
<p>This does not mean the Congress is supposed to mobilize on weekends to build carriers, submarines, and destroyers.  The power to provide a navy is vested in the Congress.  Congress delegates this power to the US Navy.</p>
<p>Are you seeing a pattern here?  I can go on for a couple more pages if you would like.  The Constitution tells Congress what they can do, not how to do it and certainly not that they have to do it themselves.</p>
<p>You need to remove this error from your argument or it undermines the validity of your other points.  You are not going to be able to convince people of the validity of your stance if one of the plank issues is completely wrong.  You might as well be offering that the Fed is illegal because Terra is flat or becasue Sol revolves around the Earth.</p>
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		<title>By: Kevin</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-16573</link>
		<dc:creator>Kevin</dc:creator>
		<pubDate>Wed, 05 Aug 2009 19:57:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-16573</guid>
		<description>....I agree that congress has the authority to make law.  What congress never did was amend the constitution, (or outright repeal Art. 1 Sec.7 entirely).  It does not say anywhere that congress has the authority to delegate their duty of...regulating the money.  Until Art. 1 Sec.7 is amended, they have abrogated their responsibility of controlling the magnitude of this great nations money supply.

Our founding fathers took much time to include this VERY important duty in our constitution, as they were very much influenced by the way European monarchs used the banks to finance their nefarious wars.

You do know the Federal Reserve banks are privately owned and managed?  Also, the Chairman of the Fed. is selected from the vote of these same private banks presidents, although it is true that the President of the U.S. appoints the Chairman after being told who the Federal Banks have selected.  

These facts are not commonly discussed in the national media, and until they are well known we are operating under the control of a banking cabal, subject to their personal preferences and their greedy, destructive agenda.</description>
		<content:encoded><![CDATA[<p>&#8230;.I agree that congress has the authority to make law.  What congress never did was amend the constitution, (or outright repeal Art. 1 Sec.7 entirely).  It does not say anywhere that congress has the authority to delegate their duty of&#8230;regulating the money.  Until Art. 1 Sec.7 is amended, they have abrogated their responsibility of controlling the magnitude of this great nations money supply.</p>
<p>Our founding fathers took much time to include this VERY important duty in our constitution, as they were very much influenced by the way European monarchs used the banks to finance their nefarious wars.</p>
<p>You do know the Federal Reserve banks are privately owned and managed?  Also, the Chairman of the Fed. is selected from the vote of these same private banks presidents, although it is true that the President of the U.S. appoints the Chairman after being told who the Federal Banks have selected.  </p>
<p>These facts are not commonly discussed in the national media, and until they are well known we are operating under the control of a banking cabal, subject to their personal preferences and their greedy, destructive agenda.</p>
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		<title>By: Lawrence Reed</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-16542</link>
		<dc:creator>Lawrence Reed</dc:creator>
		<pubDate>Tue, 04 Aug 2009 20:23:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-16542</guid>
		<description>I must agree with &quot;James Madison Fan.&quot; While I believe the Fed was a terrible idea and that some of the people behind it put selfish gain and power ahead of the public interest, I think the &quot;unconstitutional&quot; charge comes up short. Besides, if we are ever to get rid of it, we must get there by explaining why it does great harm. The &quot;unconstitional&quot; thing is a diversion.</description>
		<content:encoded><![CDATA[<p>I must agree with &#8220;James Madison Fan.&#8221; While I believe the Fed was a terrible idea and that some of the people behind it put selfish gain and power ahead of the public interest, I think the &#8220;unconstitutional&#8221; charge comes up short. Besides, if we are ever to get rid of it, we must get there by explaining why it does great harm. The &#8220;unconstitional&#8221; thing is a diversion.</p>
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		<title>By: James Madison Fan</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-16541</link>
		<dc:creator>James Madison Fan</dc:creator>
		<pubDate>Tue, 04 Aug 2009 20:15:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-16541</guid>
		<description>Hold on.  Could we stop throwing around &quot;unconstitutional&quot; like a packet of peanuts on this site?  I&#039;ve read a couple dozen articles on here that call laws &quot;unconsitutional&quot; without any understanding of what that word actually means.  

Regardless of if the Fed is a good thing or not just because A1S7 reserves coining and regulating money to Congress does not mean that establishing the Fed is unconsitutional any more than the Congress has to go to the mint to actually coin the money between votes, swear in new citizens, or knock on your door and ask for money.

The authority to make law is vested in the Congress so they can delegate Congressional authority to act in their stead to whatever body they see fit in the same way they delegate coining to the mint, immigration and naturalization to ICE / INS, and collecting taxes to the IRS.  

Until such a time as there is legal action and the Supreme&#039;s call it up and say, &quot;Nice try but no&quot; there is nothing inherent in A1S7 that prohibits the establishment of the Fed to act under Congressional authority.</description>
		<content:encoded><![CDATA[<p>Hold on.  Could we stop throwing around &#8220;unconstitutional&#8221; like a packet of peanuts on this site?  I&#8217;ve read a couple dozen articles on here that call laws &#8220;unconsitutional&#8221; without any understanding of what that word actually means.  </p>
<p>Regardless of if the Fed is a good thing or not just because A1S7 reserves coining and regulating money to Congress does not mean that establishing the Fed is unconsitutional any more than the Congress has to go to the mint to actually coin the money between votes, swear in new citizens, or knock on your door and ask for money.</p>
<p>The authority to make law is vested in the Congress so they can delegate Congressional authority to act in their stead to whatever body they see fit in the same way they delegate coining to the mint, immigration and naturalization to ICE / INS, and collecting taxes to the IRS.  </p>
<p>Until such a time as there is legal action and the Supreme&#8217;s call it up and say, &#8220;Nice try but no&#8221; there is nothing inherent in A1S7 that prohibits the establishment of the Fed to act under Congressional authority.</p>
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		<title>By: kevin</title>
		<link>http://www.thefreemanonline.org/columns/ideas-and-consequences-why-quotinflationquot-is-back/comment-page-1/#comment-16534</link>
		<dc:creator>kevin</dc:creator>
		<pubDate>Tue, 04 Aug 2009 17:26:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefreemanonline.org/uncategorized/ideas-and-consequences-why-quotinflationquot-is-back/#comment-16534</guid>
		<description>I must take issue with a linch-pin statement from above where you state, in answer to your own question, who increases the money supply? your answer, only one entity can do it legally. Who do you refer to?  The federal reserve bankers?



article 1 sec.7 states: only congress shall coin and regulate money and its value thereof.

Perhaps if the Federal Reserve act of 1913 (unconstitutional!) had not been passed, we could hold accountable our congressman for inflating our paper money.(by voting them out of office)  As it is, the CEO\&#039;s of the Federal Reserve, along with it\&#039;s chairman, continue with this policy, knowing that they are untouchable heads of privately owned banks.

Let\&#039;s get our collective heads together and listen to Ron Paul.  What this nation needs is nothing shorrt of a monetary revolution.


             LONG LIVE THE ECONOMIC REVOLUTION</description>
		<content:encoded><![CDATA[<p>I must take issue with a linch-pin statement from above where you state, in answer to your own question, who increases the money supply? your answer, only one entity can do it legally. Who do you refer to?  The federal reserve bankers?</p>
<p>article 1 sec.7 states: only congress shall coin and regulate money and its value thereof.</p>
<p>Perhaps if the Federal Reserve act of 1913 (unconstitutional!) had not been passed, we could hold accountable our congressman for inflating our paper money.(by voting them out of office)  As it is, the CEO\&#8217;s of the Federal Reserve, along with it\&#8217;s chairman, continue with this policy, knowing that they are untouchable heads of privately owned banks.</p>
<p>Let\&#8217;s get our collective heads together and listen to Ron Paul.  What this nation needs is nothing shorrt of a monetary revolution.</p>
<p>             LONG LIVE THE ECONOMIC REVOLUTION</p>
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