Time for the Fed to get back to basics



The U.S. Treasury used to mint gold and silver into coins. Later, when paper money was issued by the Treasury, it was backed by gold or silver. In 1913, Congress created the unconstitutional Federal Reserve.
Today, our currency is not backed by any precious metal. It is fiat money made legal tender by federal law.
The Federal Reserve decides how much money the Treasury needs to print. The fiat money stimulus packages will cause large-scale inflation that always fol...

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