A Federal Reseve Note worth $20 A few days ago in a re-post here, I explained how the Federal Reserve Act, which established the Federal Reserve System, is an unconstitutional delegation of Congress’ legislative authority to private corporations. It is also unconstitutional because the Fed does not remain accountable to our Congressional representatives in any of the prescribed ways, such as appropriation of funding, appointment/removal of administrators, meaningful oversight through hearings and audits or impeachment of the Fed Chairman. Yet,
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