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From: simard@loral.UUCP
Newsgroups: net.legal
Subject: Re: Legal Tender and the U.S. Government
Message-ID: <302@loral.UUCP>
Date: Wed, 25-Jul-84 16:42:04 EDT
Article-I.D.: loral.302
Posted: Wed Jul 25 16:42:04 1984
Date-Received: Fri, 27-Jul-84 06:25:08 EDT
References: <16@ssc-vax.UUCP>, <981@cca.UUCP>
Organization: Loral Instrumentation, San Diego, CA
Lines: 17

[Do not write in this space]

>What does the nominal "private ownership" of the Federal Reserve Banks
>have to do with anything when they are government controlled?  Isn't
>buying "stock" in them more like paying a license fee?

Seems to me the Fed is not government-controlled.  Witness the news accounts
of both Congress and the White House complaining about (then) current
Fed policy, and attempts to persuade Paul Volcker to change policy
one way or another.


-- 
Ray Simard
Loral Instrumentation, San Diego
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