The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.
Ron PaulNo single person, including the President of the United States, should ever be given the power to make a medical decision for potentially millions of Americans. Freedom over one's physical person is the most basic freedom of all, and people in a free society should be sovereign over their own bodies. When we give government the power to make medical decisions for us, we in essence accept that the state owns our bodies.
Ron PaulYou don't have a right to a house, you don't have a right to a job, you don't have a right to medical care.
Ron PaulWhy is it that some people, you know, think we should obey the Constitution sometimes and not other times.
Ron Paul