Topic: Constitutional Banking

Former Austin City Council member George Humphreys critiques the constitutionality of the 16th Amendment and the inefficiency of the federal income tax. Humphreys cites a total U.S. debt figure of $32 trillion, including personal, corporate, and state liabilities, arguing that the nation is effectively bankrupt. He advocates for a return to a decentralized, hard-currency banking system as envisioned by the founding fathers.