“The Fed creates money because the constitution said congress had to “
Wanna show us where the Constitution says the fed has to use fiat currency? I am pretty sure the founding father warned us against using fiat currency and wanted the fed to only use gold and silver as a currency base. I always do my own research but I can’t for the life of me find where the Constitution says the Congress is to create a federal central banking system and print fiat currency. Can you give us the Article and Section for that?
Whoa, before either of us gets too sure about something that isn't true, let's both get together on what we both know:
Article I Section 8 - Powers of Congress "To coin Money, regulate the Value thereof".
No restriction on how much gold or silver the dollar's supposed to equal, no restrictions on how often congress can change it, no restriction on what the bank notes are supposed to say, and no restrictions on how banks are supposed to run. If it ain't forbidden it's allowed. Let's be sure of that and not so sure about the other stuff.