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Home Illinois News

Time to Reform the Federal Reserve

Illinois Review by Illinois Review
November 12, 2021
in Illinois News
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UnnamedThe Federal Reserve does little to nothing to benefit our nation's economy, and its power must be reduced.

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For centuries pharaohs, emperors, and kings ruled and made average folks do their bidding.  The rise of political liberalism changed our conception of power, arguing that governments existed to serve the people.  A new book argues we must bring liberal principles to our money.

Government actions ultimately involve force, which liberalism argues is legitimate only if it serves the people.  Governments today take some of the same actions as emperors did.  Taxation, for example, still involves armed men taking things from people.  Taxation is theft unless the people consent; as America’s founders put it, “Taxation without representation is tyranny.”

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