Where in the Constitution does it give the US government the authority to create a federal reserve?

8 comments

I’ve looked over the Constitution a number of times, and can’t seem to find where the govenment gets the authority to create a federal reserve or collect income tax. Is there any place in the Constitution that gives congress permission to do these things?
For those of you citing the 16th amendment, perhaps you should read it a little more thoroughly before using that as an argument, as it directly contradicts it’s own constitutionality.

Comments:

{ 8 comments }

Get Used to Cannibalism

If you find out tell me, I’d like to know.

Tizzy

Honey, the government does prettty much exactly what they want to do and what they can get away with. This is why people have to fight all the time for their rights, especially Christians. The government is trying to take everyone over. They are wanting a one world government.

Erik

The US government didn’t create the Fed Reserve. It just gives it authority to print money.

Income taxes are permitted in the 16th amendment.

samantha

I believe the tax issue is part of one of the Amendments to the constitution, but our government is doing many things without the authority to do so….it actually is given very limited authority.

B.Kevorkian

Income Tax: The freak’n 16th Amendment. You can’t've looked that hard.

The Fed was created by the aptly named Federal Reserve Act. Just another piece of legislation. It has not been successfully challenged based on it’s constitutionality. (I’m not sure it’s been challenged, at all, actually).

Both were done in 1913.

The reason? Bank panics. In the early years of the 20th century, there was a lot of boneheaded stuff being done in the financial sector, leading to panics and all sorts of concerns that money and finance weren’t being closely regulated enough. The Federal Reserve Act was a response to some those concerns (or a massive power grab using those concerns as an excuse).

Sound familiar?

Will

Personal Income Taxes are clearly constitutional due to the 16th Amendment

The creation of the Fed is also Constitutional due to the “Necessary and Proper Clause” of Article 1/Section 8.

In enunciating the doctrine of “Implied Powers” in McCulloch v. Maryland (1819) Chief Justice John Marshall stated that explicit powers weren’t necessary, because there was no way the founders could have foreseen every single problem and contingency the Congress would face. That’s why they created the Necessary and Proper Clause.

In McCulloch, Marshal wrote the following…

“Let the end be legitimate, let it be within the scope of the Constitution, and all means which are appropriate, which are plainly adapted to that end, which are not prohibited, but consist with the letter and spirit of the Constitution, are Constitutional.”

Implied powers. That’s how Congress can do it.

willie

it doesn’t. see hamilton/jefferson positions on a national bank. imo, hamilton was the first usurper of the constitution.

jakepi

The feds have clearly overstepped the bounds set by the constitution. They have taken it upon themselves that anything they choose to do is proper regardless whether it is so or not! Just saying it is legal doesn’t make it so! There are limits in every configuration of government and they are rapidly approaching those limits, and will learn the folly of their ways. Pay back is Hell!

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