On Constitution Day, Congress Abdicates Constitutional Responsibilities to Fed

Washington_Constitutional_Convention_1787Two hundred and twenty eight years ago today, thirty nine delegates gathered in Philadelphia to sign the Constitution of the United States.

This profound document states clearly in Article I, Section 8:

The Congress shall have the Power To … coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.

Today, 228 years later to the day, an unelected bureaucrat named Janet Yellen will announce the Federal Reserve’s latest policy decisions that will impact the value of our money.

Americans need to remind elected officials that Congress, and only Congress, has the authority to coin our money and determine its value.

Congress has abdicated this responsibility.

Please post Article I, Section 8 to your Representative’s Facebook page!

Steve Lonegan is the Director of Monetary Policy for American Principles in Action.