Fed-funded reparations would still require congressional legislation
Evidence
BACK TO NOTE REFERENCE 69 For the argument that the Federal Reserve could play a role here, see Matthew Yglesias, “Slavery Reparations Are Workable and Affordable,” Vox, May 23, 2014. However, even if the Federal Reserve, as an independent agency, were authorized to print money for reparations, it would need to determine that it wanted to spend the money on reparations-type activities. In other words, you would need congressional action through reparations legislation and a progressive Federal Reserve. — Dorothy A. Brown, Getting to Reparations, 1169
Categorization
- XREF: Addresses a common objection to the affordability argument — that the Fed could simply print money — and shows why it fails as a shortcut.
- corroborated: 2 independent passages support this claim — Dorothy A. Brown, Getting to Reparations: How Building a…, 1169