In the original constitution power is vested in the congress to coin monies and regulate the value thereof. The current Federal Reserve system separates voters by one degree from national monetary policy. Voters elect a U.S. president who appoints a board to manage the federal reserve (a collection of private institutions). In the original constitution the benefit of giving monetary policy control to congress is that the voters have a direct impact on monetary policy by voting directly for congressmen. It is a more perfect union, if the voters themselves can have a voice in their country's economy through congressional elections every 2 years.



