September 4, 2009

Congress Should Run Monetary Policy, So Long as There Is One

I appreciate congress and especially the house of representatives, and not just because Ron Paul is in it, or because I worked for it. Yes, it's part of the state, and therefore based on violence against the innocent, and therefore fundamentally evil. And indeed, most senators and congressmen make mafia capos look good. But given the state as constituted in the US, congress is the least-evil branch. All the worst parts of the federal government are in the presidency, from the tax police to the EPA, from the CIA to the military. And the supreme court is nothing but a justifier of executive power. There is a reason that we fear dictators more than legislatures. There is a reason that bad guys from Lincoln to Wilson to FDR, and every Leader since, have sought to concentrate more and power in the fuehrership. Congress is the only branch of government that we, unlike Goldman Sachs or David Rockefeller, have a chance of influencing. See Ron's Audit the Fed bill for an example. The neocons, like other evil forces in previous times, constantly attack the legislature to empower the presidency. We now have that nightmare of every classical liberal: an executive who can declare war on his own, and secretly imprison and torture anyone he calls a witch (sorry, terrorist). He is a dictator. So, given this, and given the fact that the constitution places monetary authority in the congress, and that it may not delegate this legally anymore than it can delegate the war-making power, should monetary decisions be made in secret by a presidential agency, the federal reserve, or in at least semi-public by the congress? Special interests would then run monetary policy, you say? They do now, in secret. There should be no monetary policy, or any other kind of policy, of course. Policy is another name for unjust coercion. But so long as we have fiat money and a central state, End the Fed and put congress in charge. Then we can work on competive currencies.

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