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 PaulGiven the inefficiencies of what DC laughingly calls the 'criminal justice system,' I think we can safely assume that 95 percent of the black males in that city are semi-criminal or entirely criminal.
Ron Paul