“There’s no prohibition on Congress creating one”
Yes there is, actually. Please see Amendment the Tenth.
The fact that it was done is not proof that it was actually Constitutional.
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‘There’s no prohibition on Congress creating one’
“Yes there is, actually. Please see Amendment the Tenth.”
When Hamilton proposed the First Bank of the United States in 1790 both Jefferson and Madison argued that it was unConstitutional. Madison used the 10th Amendment argument.
Hamilton’s rebuttal included the argument that the government was sovereign and unless it was specifically prohibited it had the right to use various means to enable it to govern. The government already allowed persons to incorporate and it should allow “artificial persons”, corporations, to have the same rights. The First Bank was a private corporation, as all of our central banks have been.
President Washington weighed the arguments, decided the Bank Bill did not violate the Constitution, and signed it into law in February 1791. President Washington was aware of your argument. You lost.