The Federal Reserve has gone rogue, and perhaps it’s time to shut it down.

On Monday, Fed Chair Jerome Powell released a video looking all the world like a hostage video, but it probably was not.

In it, he accused the Department of Justice of “threatening to indict” him for lying about his $2.5 billion renovation of the Fed headquarters—that’s the cost of two and a half football stadiums.

In reality—according to the prosecutor—she had simply requested clarifications, then resorted to subpoenaing him after Powell stonewalled. Nonetheless, the Fed chair cast the inquiry as “intimidation” over monetary policy and as an attack on the Fed’s alleged independence from voters.

The kicker is the Fed actually should be prosecuted for monetary policy. For 113 years of unconstitutional—therefore........

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