Democratic (socialist/fascist) President Carter signs the Federal Reserve Act of 1977, charging the Federal Reserve Board of Governors (a Federal agency that oversees the privately-owned Federal Reserve System of (central) Banks) with the responsibility “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”
[added 11/21/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Federal Reserve Reform Act of 1977, 91 Public Statutes at Large 1387 (1977).
US CODE: Title 12.225a. Maintenance of long run growth of monetary and credit aggregates
www4.law.cornell.edu/uscode/html/uscode12/usc_sec_12_00000225—a000-.html
Current U.s. National Debt:
