Education, discussion, and inspiration regarding the founding documents of the United States of America.

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

The Constitution - https://constitutionus.com/

Declaration of Independence - https://www.archives.gov/founding-docs/declaration-transcript

Bill of Rights - https://www.archives.gov/founding-docs/bill-of-rights-transcript

This is a General thread. Which means all posts must be ON TOPIC. Discussion of constitutional topics is welcome. Off-topic posts will be deleted without warning.

>>3073

NO the Federalist Papers were NOT the birthplace of the Federal Reserve. The Federal Reserve was gestated at Jekyll Island (Georgia) just prior to 1913 IIRC.

These two that you equated are just about opposite in purpose.

>>3073

>>3114

I guess we should forgive an Australian for knowing next to nothing about American history. Hopefully they will be more careful next time about posting ill-formed opinions in a General thread.

1) What are the Federalist Papers?

The Federalist Papers is a collection of 85 articles and essays written by Alexander Hamilton, James Madison, and John Jay under the collective pseudonym "Publius" to promote the ratification of the United States Constitution.The collection was commonly known as The Federalist until the name The Federalist Papers emerged in the 20th century. The original plan was to write a total of 25 essays …

The first 77 of these essays were published serially in the Independent Journal, the New York Packet, and The Daily Advertiser between October 1787 and April 1788.[1] A compilation of these 77 essays and eight others were published in two volumes as The Federalist: A Collection of Essays, Written in Favour of the New Constitution, as Agreed upon by the Federal Convention, September 17, 1787 by publishing firm J. & A. McLean in March and May 1788.[2][3] The last eight papers (Nos. 78–85) were republished in the New York newspapers between June 14 and August 16, 1788. …

2) What is the Federal Reserve?

My go-to source on the creation of the Federal Reserve is The Creature from Jekyll Island by G. Edward Griffin.

The Creature from Jekyll Island. Griffin's 1994 book, The Creature from Jekyll Island, draws parallels between the Federal Reserve and a bird of prey. He has opposed the Federal Reserve since the 1960s, saying it constitutes a banking cartel and an instrument of war and totalitarianism….

I simply wish to set the record straight.

>>3249

Kindly remedy your ignorance before posting on this topic again.

https://mises.org/library/case-against-fed-0

Book

The Case Against the Fed by Murray N. Rothbard

Rothbard provides a succinct account of the origins of money, showing how money must originate from a commodity. Banking originated from goldsmiths, who issued warehouse receipts for gold deposited with them. From this a fractional reserve system developed, inherently prone to monetary expansion and panic.

In the late nineteenth century, a movement toward bank centralization arose among both “progressives” and bankers, the latter eager to increase their profits. From these plans, the Federal Reserve System developed. Rothbard shows the dominate influence of the banking House of Morgan at the Fed’s inception. During the New Deal, Rockefeller interests took first place in influence, with the Morgan interests reduced to a subordinate though still potent role.

The book concludes with an account of the Fed’s role in causing inflation and the business cycle. Abolition of this nefarious agency must be part of any agenda for genuine financial reform.

Author:

Murray N. Rothbard

Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined Austrian economics with a fervent commitment to individual liberty.

Table of Contents

Introduction: Money and Politics

The Genesis of Money

What Is the Optimum Quantity of Money?

Monetary Inflation and Counterfeiting

Legalized Counterfeiting

Loan Banking

Deposit Banking

Problems for the Fractional-Reserve Banker: The Criminal Law

Problems for the Fractional-Reserve Banker: Insolvency

Booms and Busts

Types of Warehouse Receipts

Enter the Central Bank

Easing the Limits on Bank Credit Expansion

The Central Bank Buys Assets

The Origins of the Federal Reserve: The Advent of the National Banking System

Origins of the Federal Reserve: Wall Street Discontent

Putting Cartelization Across: The Progressive Line

Putting a Central Bank Across: Manipulating a Movement, 1897–1902

The Central Bank Movement Revivies, 1906–1910

Culmination at Jekyll Island

The Fed At Last: Morgan-Controlled Inflation

The New Deal and the Displacement of the the Morgans

Deposit "Insurance"

How the Fed Rules and Inflates

What Can Be Done?

>>3249

>>3290

This is the U.S. Constitution General thread.

>>1630 is the Constitutional Money thread.