The founders and the fed. (Letters to the Editor).In "Deflating the Deflation deflation: see inflation. deflation Contraction in the volume of available money or credit that results in a general decline in prices. A less extreme condition is known as disinflation. Myth" (June 30th issue) you left out the most important point: There is no authorization for a Federal Reserve Board in the Constitution. Article 1, Section 8 authorizes Congress "To coin Money, regulate the Value thereof, and of foreign Coin...." There is no section of the Constitution that allows Congress to delegate this power to any board, especially a private group that works in secret. Remember the fit Greenspan threw several years ago when the proceedings of the Federal Reserve were leaked to the press? Our Founding Fathers did not want monetary policy decided in secret by an unelected board not answerable an·swer·a·ble adj. 1. Subject to being called to answer; accountable. See Synonyms at responsible. 2. That can be answered or refuted: an answerable charge. 3. to the people. This is the definition of the Federal Reserve Board. To take this one step further, if one is accused of copying Federal Reserve Notes, is he guilty of the crime of counterfeiting counterfeiting, manufacturing spurious coins, paper money, or evidences of governmental obligation (e.g., bonds) in the semblance of the true. There must be sufficient resemblance to the genuine article to deceive a person using ordinary caution. ? It is probably copyright infringement Noun 1. copyright infringement - a violation of the rights secured by a copyright infringement of copyright plagiarisation, plagiarization, piracy, plagiarism - the act of plagiarizing; taking someone's words or ideas as if they were your own or fraud at most. This would make for an interesting case if a jury took this tack. HOWARD LAST Great Neck, New York Great Neck is a village in Nassau County, New York, in the U.S., on the North Shore of Long Island. As of the United States 2000 Census, the village population was 9,538. The Village of Great Neck is in the Town of North Hempstead. |
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