A class action lawsuit against the Fed?

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Thinkor's picture
Thinkor
Status: Bronze Member (Offline)
Joined: Sep 13 2009
Posts: 32
A class action lawsuit against the Fed?

When the Fed creates new electronic money out of thin air,  isn't that doing economic harm to everyone in the country with a penny in hand or in a bank and doesn't that create an opportunity for a lawsuit?

How does a private institution get away with such an action, especially when it runs counter to their own charter?

 

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