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The Federal Reserve System of Central Banking in the USA is Unconstitutional

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Written by: Christopher G. Russomanno
Category: NJ Libertarian Blog
Created: February 08, 2024
No comments on “The Federal Reserve System of Central Banking in the USA is Unconstitutional”

At the time of the founding of the United States of America, and at various times thereafter, there was much heated debate over whether the new nation should have a central or national bank. The founders had seen what havoc was wrought by the Bank of England, a central bank, and the detrimental effects it had on that nation and its empire by a devaluation of its currency which enabled the never-ending stream of wars in which it was involved. The founders also had a vivid memory of what happened when the government run colonial bank created rampant inflation by printing an infinite amount of paper money. Inflation is a hidden tax which robs people of the value of their money by devaluing the currency. This is used to pay for the government’s debts. Accordingly, there is no provision in the constitution for the creation of a central/national bank. Therefore, the Federal Reserve (the Fed) system of banking in the United States of America is unconstitutional because of its ability to print unlimited amounts of fiat currency, or paper money, thereby robbing people of the value of their dollar.

In determining the constitutionality of a central bank, with the ability to create unlimited amounts of paper currency, we can look to the constitution, our founding document, itself: “Article I Section 8 says that, The Congress shall have the power ... To coin money, regulate the value thereof ... and fix the Standard of Weights and Measures…To borrow Money on the credit of the United States.”1 In Pieces of Eight, Edwin Vieira explains in detail why the founders used such explicit language when writing this part of the constitution:

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Northern NJLP Region Hosts Presidential Candidate Debate

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Written by: Jay Edgar
Category: News
Created: October 04, 2023
No comments on “Northern NJLP Region Hosts Presidential Candidate Debate”

A Step Towards Equality: NJLP Spearheads Repeal of Loitering Code in Florham Park

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Written by: Ms. Arielle Shack
Category: Press Releases
Created: June 19, 2023
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FLORHAM PARK, NJ – June 15, 2023 – The New Jersey Libertarian Party (NJLP) today announces that after persistent advocacy, the Florham Park Town Council will finally repeal a long-standing code, deemed unlawful since 1978.

NJLP’s advocacy has led Florham Park to recognize the inherent issues with the code. The Town Council's decision to repeal aligns the town with New Jersey state law, mitigating potential legal ramifications and fostering a more inclusive social environment.

"The New Jersey Legislature decided not to include such crimes in New Jersey's Criminal Code due to the potential misuse, and every New Jersey town should adhere to this decision. We sincerely appreciate Florham Park Town Council's decision to delete these outdated and unfair codes," said John Paff, Chair of the NJLP Preempted Ordinance Project. "The NJLP is determined to continue our mission town by town across New Jersey, challenging and working to repeal any antiquated or illegal codes regulating street behavior. Our ultimate goal is to ensure our laws are fair, just, and upholding the rights of the people and the fundamental values of individual liberty as set forth in our constitution."

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Florham Park Announces Intention to Repeal Loitering Code

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Written by: Jay Edgar
Category: Preempted Ordinance Repeal Project
Created: May 21, 2023
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In response to a request from the NJLP's Prempted Ordinance Project, the Borough of Florham Park has announced its intention on the repeal of its Loitering Code. The invalid nature of their ordinance was pointed out to them way back in 2010.

Attached are the following documents:

  • Original Letter from 2010 to the then Borough Council
  • Read more …

How I Became A Libertarian

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Written by: Chris Russomano
Category: Latest News
Created: March 26, 2023
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I think it was way back between 2007 to 2012 when I became a libertarian. I’ll use the small “l”  for now. Because I had not as yet joined the party but my thoughts and outlook were becoming libertarian.  

My father was, and is, a die-hard conservative Republican. So, not knowing any better, I was as well. I think one could have considered me a “Neo-conservative” or a “Neo-Con.” I believed in “America” and everything I thought it stood for.  

In the public school I went to (I like to think of them as government-run indoctrination centers) I  had been taught about the Founding Fathers and the Revolutionary War and all the noble ideas that came with it. Most of the Presidents were lionized especially the ones that got us into wars. I was taught that World War Two was “the good war” and that we definitely, definitely,  should have fought that one, for the good of everyone. 

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The Over Regulation of Craft Breweries in New Jersey

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Written by: Chris Russomano
Category: Latest News
Created: March 26, 2023
No comments on “The Over Regulation of Craft Breweries in New Jersey”

I love craft breweries because they are small businesses that are the backbone of our economy, they invest in the local community making it more prosperous and, most importantly —they make delicious beer.

Craft breweries are small businesses that are the backbone of the economy and they create more jobs than huge corporations ever will. The owners are plucky entrepreneurs who have a strong strain of self-reliance and a can-do attitude that is sorely needed in New Jersey. These small businesses are an economic benefit because they increase tourism and increase revenue for the state. However, regulations in New Jersey are making it difficult for craft breweries to operate and thrive because legislators are doing the bidding of big business. Big business is afraid that craft breweries will cut into their profit by drawing consumers away. These big businesses can afford to give large donations to political campaigns as well as send lobbyists to Trenton to influence politicians who then enact laws and regulations that favor those who donate over others. I have always been confused by this. New Jersey is a “blue state” with the Democrats, for the most part, having sway over politics. Supposedly the Dems are on the side of the little guy and the common man, but they then enact legislation to hurt small business owners. The notion that any of our politicians care about the little guy is just a tired old trope that they pull out to pander to their base when they need votes. 

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Patterson Police Shooting Video Released

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Written by: Jay Edgar
Category: Police Accountability Project
Created: March 17, 2023
No comments on “Patterson Police Shooting Video Released”

On March 3rd Najee Seabrooks was shot and killed by police responding to a 911 call from Seabrooks family. Numerous organizations are calling for federal investigation into the shooting. 

Rage Against The War Machine: I Was Psyched; Now I Am Urgent

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Written by: Fox
Category: NJ Libertarian Blog
Created: February 20, 2023
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This past Sunday, February 19th of 2023, I took my son to the Rage Against the War Machine Rally. This is a follow up to a previous essay explaining why I was psyched about the idea that people from different political philosophies can coalesce to fight for one cause and the opportunity to hear many speakers I admire present their cases for peace. I was not disappointed. 

But I did not go there for entertainment. I did not bring my son to Washington DC to see the sights or gain a better sense of the greatness of America. No. To the contrary, we came to Washington DC to protest. 

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Reason Magazine: New Jersey Town That Sued a Woman for Public Records Requests Now Wants Lawyer Prosecuted for Same Thing

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Written by: C.J. Ciarmaella
Category: Open Government Advocacy Project
Created: January 11, 2023
No comments on “Reason Magazine: New Jersey Town That Sued a Woman for Public Records Requests Now Wants Lawyer Prosecuted for Same Thing”

Irvington made national headlines last year when it filed a lawsuit against an 82-year-old woman for filing too many public records requests. Now it says a lawyer for FIRE should be prosecuted.

Irvington, New Jersey, just can't help itself. First, it tried to sue an elderly woman for filing too many public records requests, and now it's suggesting that a lawyer for the Foundation for Individual Rights and Expression (FIRE) be criminally prosecuted for doing the same.

Read the full article at Reason.com...

A Respectable Election Result

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Written by: Tara Murphy
Category: Candidates and Elections
Created: November 14, 2022

More than a quarter of Branchburg voters said YES to term limits, putting residents first and said no to a tax increase in Tuesday’s election.  A vote for Tara Murphy and Jason MacDuffie was a declaration of independence from the GOP monopoly.  These votes came from a broad coalition of third party voters, Democrats, unaffiliated and even a few Republicans.  This bipartisan support in our historic run came from talking to people about the issues they care about.  We’ve demonstrated the viability of Libertarian candidates.  

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Runnemede Agrees to Repeal Preempted Disorderly Person Ordinance

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Written by: John Paff
Category: Preempted Ordinance Repeal Project
Created: August 31, 2022
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Update September 26, 2022 - the Runnemede Borough attorney has agreed that their Disorderly Persons Ordinance should be repealed. Below is the initial letter and the borough attorney's response. For more information on this subject see Loitering Ordinances - Invalid in New Jersey.


From: John Paff
Sent: Monday, August 29, 2022 4:30 PM
Subject: Runnemede Police Department's enforcement of a preempted ordinance.

Dear Mayor Kappatos and Members of the Borough Council:

I write, both individually and in my capacity as Chairman of the New Jersey Libertarian Party’s Preempted Ordinance Repeal Project to request the Mayor and Council ask Borough Solicitor Daniel H. Long to review Borough Code § 265-5 and render an opinion on whether or not it is preempted by the New Jersey Criminal Code.

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Republican Candidate Billy Prempeh and Libertarian Candidate Sean Armstrong Agree to Debate

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Written by: Mike Guadagnino
Category: Press Releases
Created: August 19, 2022
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New Jersey Libertarian Party

NJLP.org

FOR IMMEDIATE RELEASE: 

CD 9 Republican Candidate Billy Prempeh and Libertarian Candidate Sean Armstrong Agree to Debate but Need the Democratic Candidate William Pascrell to Join Them

New Jersey—August 12th, 2022—The residents of the newly formed 9th New Jersey Congressional District have a choice between three candidates. Many are new to this re-drawn district and may not be familiar with any of these candidates or even their sitting congressman. To help them learn about the choices they may have, two of the candidates are calling for public debates to help residents familiarize themselves with these three choices.

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NJLP Statement on the FBI’s Authoritarian Activities

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Written by: Michael Manieri
Category: Press Releases
Created: August 10, 2022
No comments on “NJLP Statement on the FBI’s Authoritarian Activities”

New Jersey Libertarian Party

NJLP.org

FOR IMMEDIATE RELEASE: 

NJLP Statement on the FBI’s Authoritarian Activities

New Jersey – August 10, 2022

On August 8, 2022, the Federal Bureau of Investigation raided former President Trump’s Mar-a-Lago estate. Many on the left, who previously spent years decrying law enforcement as corrupt and calling to defund the police, are celebrating this raid and denying the possibility of FBI corruption. Conversely, those on the right who have spent years curtailing civil liberties, bolstering law enforcement’s powers, and defending police as they terrorized communities, see this raid as political persecution.

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Justin Amash leads the field as presidential candidate in NJLP Mid-summer survey.

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Written by: Mark Kapengut
Category: Latest News
Created: July 30, 2022
No comments on “Justin Amash leads the field as presidential candidate in NJLP Mid-summer survey. ”

We invited about a thousand of former NJLP members to the summer picnic. About 7% responded. A handful may be making their way to the event. Guys, welcome back!

Along the way, we polled them on their presidential preferences.

No candidate won a majority, but Justin Amash dominated with clear plurality, about 40%.

Among the rest of the candidates, Spike Cohen, Dave Smith and Trump tied for a second spot with 14% each.

Read more …

  • NJ Libertarian Party Statement on Murphy's Gun Control 3.0 Package
  • NJLP Statement on Recent Gun Violence and Preposed Gun Control Measures
  • PRESS RELEASE: The NJ Libertarian Party Remains Committed to Protecting the Natural Right to Self Defense
  • Libertarians for Transparent Government Win NJ Supreme Court Case

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© New Jersey Libertarian Party 1972 - 2026

The NJ Libertarian Party is NJ's third largest political party, founded in 1972. Our vision is for a world in which all individuals have the right to exercise sole control over their own lives, and have the right to live in whatever manner they choose, so long as they do not forcibly interfere with the equal right of others to live as they choose. Our goal is to build a political party that elects Libertarians to public office, and moves public policy in a libertarian direction.

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