"The Fed Must Go!" by Walker Todd

"The Fed Must Go!" by Walker Todd former legal counsel to the Federal Reserve, Constitutional law expert, Professor of law at Cleveland Marshall College of Law and expert on the U.S. monetary system and the War Powers Act.

Early February 1791 a bill was passed by both houses of congress requesting United States establish a federal bank. President Washington asked for the legal opinion from his Secretary of State, Thomas Jefferson. Jefferson said that charting a corporation of this type would violate both the federal and state constitutions. He reminded Washington that while they both attended the Constitutional Convention they specifically tied the hands of government with Article One Section Eight, we wanted to bind them with strict chains, and force them to live within the limits of the enumerated powers. "To take a single step beyond these boundaries, is to take possession of a boundless filed of power."

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