If you understood how the monetary policy works, you would understand that the treasury and fed are not the same thing and that what Ron Paul is trying to do, is give the treasury back the power it once had before 1913. Similar to e.o. 11110 introduced by kennedy...do some research before you speak...otherwise you just sound like a kook
The Treasury is still the institution that coins money. And like the Federal Reserve, the Treasury was created by an act of Congress. Why kooks like Ron Paul call for the abolishment of the Federal Reserve, but not the Treasury is beyond me. But trying to understand crazy people isn’t an easy thing to do.
Explain why we should care. Is money issued by the Fed somehow bad for America? Is money issued by the Treasury somehow good for America? Why?