Originally Posted by
thetravelabstract
The Fed has no leverage over congress. The mandate is to mint coins of each U.S. President and it is not expected to finish with Reagan. It seems there will be plenty of opportunities to buy coins until this happens.
What? Did you miss the entire housing crisis? How many times have we seen Greenspan or Bernanke testify before congress? Didn't congress pass a law or two based on this? You say no? Interesting.
Through mass media which attacks the program - yes, the fed most certainly does have leverage over congress.
You're not supporting mikeef, either, as he suggested the FRB is going to sell their coins through a/the direct ship program. Not likely.