The Famous Wall Street Analyst Tom LEE at the Blockchain Economy Istanbul Summit!
BTCMANAGER
The Famous Wall Street Analyst Tom LEE at the Blockchain Economy Istanbul Summit!
The Famous Wall Street Analyst Tom LEE, who is very well-known with his significant role in Blockchain economy and definite predictions on bitcoin prices, is coming to Istanbul. Tom Lee is taking a stage at the Blockchain Economy Istanbul Summit as a key speaker and is going to share with the attendees his price predictions, his prognosis about the further…. The post by Guest Post appeared first on , bitcoin, Blockchain & Cryptocurrency News
Full Stack Engineer Start up Financial Exchange is seeking a Full Stack Engineer to assist building applications for cryptocurrencies. Full Stack Engineer…. Technical Options, IncChicago, IL From Technical Options, Inc 7 days ago
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Since its inception, the U.S. Federal Reserve’s monetary policies have led to a decline of over 95% in the purchasing power of the U.S. dollar. As a result, there have been several attempts to curtail or eliminate the Federal Reserve’s powers (e.g., the efforts of Rep. Louis T. McFadden in the 1930s; the efforts of Rep. Wright Patman in the 1970s; the efforts of Rep. Henry Gonzalez in the 1990s; and the efforts of Rep. Ron Paul since the 1990s). However, none have proven successful to date, due mainly to the constraints of strong political opposition at the national level. In contrast to these “top‐down” attempts at the national level, this paper proposes an alternative approach to ending the Federal Reserve’s monopoly on money: the “Constitutional Tender Act,” a bill template that can be introduced in every state legislature in the nation, returning each of them to adherence to the U.S. Constitution’s “legal tender” provisions of Article I, Section 10.
This approach would have a greater likelihood of success for a number of reasons. First, it is decentralized: rather than facing concerted political opposition at a single Federal level, it attacks the issue at the State level, where strategies and tactics can be adapted to the types and amount of political opposition they encounter. Second, it is diffused: it can be attempted in any number of States, which can cause the opposition to spread its resources much more thinly than would be necessary at the Federal level. Finally, it is legally sound: it relies on the U.S. Constitution’s negative mandate in Article I, Section 10, that “No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts.” Therefore, in contrast to “top‐down” attempts to “end the Fed,” a “bottom‐up” approach using “constitutional tender” laws will find greater success.
