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The Myth of an Independent Federal Reserve: A Conversation with Peter Conti-Brown

with Peter Conti-Brown

Peter Conti-Brown of the Wharton School comes to Liberty Law Talk to discuss his most recent book, The Power and Independence of the Federal Reserve.

Reader Discussion

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on February 18, 2016 at 09:10:34 am

Excellent discussion on the Federal Reserve. The one point that never seems to emerge is, "the consent of the governed". Federalism was the keystone that held up this principle and that disappeared with Lincoln's invasion of the states that seceded from the Union. The Federal Government was a creation of the states and it's existence would never have happened, if the right to secede hadn't been guaranteed. Lincoln's determination to impose a mercantilist system upon the Founder's government led to empire and the destruction of a free market system. Later, the Fed was created and then the New Deal and today the Fed is an out of control organization that has never even been audited, as far as I know. Most recently, Yellin refused to turn over Fed documents dealing with possible conflict of interest within the Fed. Congress made a request for the relevant documents over a year ago and Yellin sniffed that she would decide in her own good time if these documents would ever be handed over to the Congress. Congress is a dysfunctional organization unable to stand up to any other part of the bureaucracy.

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Dan Morris
on April 12, 2016 at 19:00:32 pm

A good read on the Federal Reserve banking cartel is "The Creature from Jeykll Island" by G.Edward Griffin. There have been several editions published since the mid 1990s. I would recommend reading the up to date latest edition. Also there are several Youtube downloads of Mr.Griffin speaking on the same subject.

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libertarian jerry

Law & Liberty welcomes civil and lively discussion of its articles. Abusive comments will not be tolerated. We reserve the right to delete comments - or ban users - without notification or explanation.