Fiat Money issued by an unconstitutional private cartel of global bankers aka the Federal Reserve.
Would fiat money issued some other way be OK with you?
What happens if you don't have fiat money and some unexpected technological change suddenly increases productivity a whole bunch, i.e. electricity, the automobile, computers, the Internet.
As I understand it, half of the Board of Governors, plus one, are appointed by the President and confirmed by the Senate. How does involving two layers of elected government officials in the process lead to a "private" cartel? Would a truly private cartel turn its profits over to the Treasury?
Whatever faults there may be in having an independent agency manage the size of the money supply, how could leaving the job to Congress -- meaning Chris Dodd and Barney Frank, our "banking committee" heads -- bring improvements? Wasn't the whole purpose of the Fed precisely to put distance between the money supply and the politicians?