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|User Info||Had Enough? Time For Options; entered at 2009-05-20 15:53:33|
Of course it can MM.|
Its not even particularly difficult. The current FRA does not include criminal penalties. Those can be easily added, then governors could be indicted and jailed.
The Fed could be de-funded.
A statute could be passed making all FRB meetings open, public events. That would be fun.
There are DOZENS of ways to compel compliance with the law.
Do you want Barney Frank setting the money supply, or Chris Dodd? If you throw away the concept of an independant central bank, that's what you get.
That may or may not be a good choice but making the decision on the premise of disgust with what is going on how without first addressing the problem and determining that you're not just going to make it worse would be a good idea, no?