There is no Fed in The Constitution.
Is that because the Founders were against the idea of a Central Bank?
Hey, there's a great quote about it and I'm reminded of it here.
It's taken from a letter from George Washington, written to James Madison on the topic. He said, and correctly so, ''No generation has the right to contract debts greater than can be paid off during the course of its own existence."
The Founders of the United States knew the dangers of central banking and they fought to free themselves from this very thing. The Revolutionary War started out as a tax revolt. Having just suffered through the hyper-inflation of the continental dollar, which was printed into oblivion to fund the Revolutionary War, they understood the dangers of a debt based monetary system. So to protect future generations from institutional theft and out of control government,
they wrote in the Constitution that only gold and silver can be 'money' for the simple fact that you can't print it.
The problem is that the Fed and the government don't know the difference between 'currency' and 'money.'
'Money' has to be a store of value and maintain its purchasing power over long periods of time.
But you know that, come on Toddster.