Fed's Regional Banks Are 'Unconstitutional,' Brookings Paper Says
By
<http://www.againstcronycapitalism.org/author/nick-sorrentino/>Nick
Sorrentino on March 3, 2015
FederalReserve_System cc
What is of particular note is that this paper comes from a Brookings
Institution scholar. Brookings is generally liberal in its disposition.
I am not keen on the prescription. Notice that the author comes short
of calling the Fed itself unconstitutional. But at least there is
some criticism of the Fed coming from the lefty camp. The excuses for
the Fed have gotten embarrassing of late.
(From The Wall Street Journal)
"Even if it were constitutional, the governance problems at the
Reserve Banks present at least the appearance of and at most the
reality of deep conflicts of interest in the enforcement of federal
banking laws," Mr. Conti-Brown writes.
<http://blogs.wsj.com/economics/2015/03/02/feds-regional-banks-are-unconstitutional-brookings-paper-says/>Click
here for the article.
http://www.againstcronycapitalism.org/2015/03/feds-regional-banks-are-unconstitutional-brookings-paper-says/
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