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The Almighty Buck

Submission + - Federal Reserve to Take Itself to the Classroom ( 1

wattersa writes: "The Federal Reserve Bank of St. Louis has recently released a lesson plan for K-12 students entitled "Constitutionality of a Central Bank." The full lesson plan (see PDF embedded in article) reviews the constitutional framework cited by the Fed as justification for its existence, as well as various concepts regarding the function of a central bank in controlling inflation and developing other monetary policy. Is this propaganda, as suggested in the article, or is it a legitimate educational program?"
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Federal Reserve to Take Itself to the Classroom

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  • a goal we should all support. I am curious to just how many Slashdot Americans truly wonder why Congress is so willing to give up its prerogative over our monetary policy. There is no doubt that Congress in essence has ceded total control over the value of our money to a secretive central bank.

    The fact is, Congress had nothing to do with creating the Federal Reserve, simply because it had no constitutional authority to do so. It was bankers, and business owners that created, and pitched Congress w

In seeking the unattainable, simplicity only gets in the way. -- Epigrams in Programming, ACM SIGPLAN Sept. 1982