Tuesday, October 20, 2009

Article 1, Section 9

Article 1, Section 9: "No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law."

Please just read it one more time.

Now I have a simple question: Does this mean that an agency, such as the Federal Reserve, has the power to just print money? Or is it Congress only who can spend money?

Something to ponder...

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