The Federal Reserve has written a high school course on how the Federal Reserve is Constitutional and also a terrific thing for the economy.
There is no question that the FED is on the defensive. There is no question why: Ron Paul’s constant hammering of the FED.
. . . it now appears that the propaganda masters at the Office of Central Planning have decided to go for young American minds while they are still pliable. It appears that as part of its reenactment of Goebbels “economic education” curriculum, the Fed will now directly appeal to K 8-12 student, in which it will elucidate on the premise of “Constitutionality of a Central Bank.” You know – just in case said young (and soon to be very unemployed) minds get ideas that heaven forbid, the master bank running the US is not exactly constitutional – you know, that whole thing between Andrew Jackson and the Second Bank of the United States…
And in case one is wondering what dogmatic propaganda their children will be filled with, here is the course outline.
The Constitution of the United States outlines the basic principles of the U.S. government. This lesson focuses on the express and implied powers of Congress and the power of the Supreme Court to decide whether a law is unconstitutional. In this lesson, students learn about McCulloch v. Maryland, a case decided in 1819 over (1) whether the state of Maryland had the right to tax the Second Bank of the United States and (2) whether Congress had violated the Constitution in establishing the Bank. Students also review the expressed powers of Congress identified in the Constitution and analyze how Congress implements the necessary and proper (elastic) clause to enact its expressed powers. Finally, students use their knowledge of McCulloch v. Maryland and the necessary and proper clause to consider the constitutionality of the Federal Reserve System.
Federal Reserve Act
Necessary and proper (elastic) clause
Value of money [ZH: lol]
* define expressed powers, implied powers, precedent, fiat money, the Federal Reserve Act, the necessary and proper (elastic) clause, and the value of money;
* cite examples of the expressed powers granted to Congress in Article 1, Section 8 of the Constitution;
* explain the meaning of the necessary and proper (elastic) clause;
* explain the significance of the McCulloch vs. Maryland Supreme Court case; and
* give examples of the implied powers necessary to implement various expressed powers.
The teachers could not memorize, explain, and understand these categories.
If the FED thinks that students in public high schools are ready for this, then the FED probably also thinks these students have a nuclear physics laboratory on campus.
The FED is running scared. This has not happened before. The utter futility of this social studies/history curriculum module indicates just how far out of touch the FED’s bureaucrats are.