Due process and right to coin

 At some time Due Process did not include the demand for fair central banking. But the concept has been widened to include most of the bill of rights, and so being locked out of central banking s like being denied mil service. There is this special case, a conflict on the right to tax without a vote. It is a general tax, a money tax, but unelected banks choose where that tax is collected. The right to set the value of the currency has been superceded by the sanctity of debt, which means only the federal government can apply the inflation tax, it must use open market, and that means trade the inflation tax for banking independence.

Who gets robbed of Due Process?  Mostly the middle class unless they keep money in stock and bond funds. Short term credit risk goes way up because collateral is taxed, so middle class accounts see high transaction fees.  

There is no class action,  as the Supremes will claim the middle class already has the right to coin, and collecting fees is part of the setting of value. Can we have a system where the central bank is the dominant tax collector? Not a good idea, better to let Treasury tax have the inflation tax. Then treasury directly sets the value of the tax dollar by executing the devaluation contract, or law. The Fed remains price neutral.

The inflation tax is us, voters, paying for past due taxes with borrowing. But if we can expand the Fed , say double the customers, those taxes drop from 2% to 1%, our smart card fee.  That is the trade, Fed independence, more of it. larger market share; our seigniorages taxes gone but we get higher rates.  

But we can easily double the customers, if we can dump Treasury.  There are 20% unbanked or severely under banked.   Fair banking should increase personal efficiency by five percent, there we go. 

Get the poor onto a bank account, get them a Swift correspondent account. Then they have a secure identity on line and off line.    Loan money to the poor,  in small amounts. They will get a sense of the future, become more efficient. credit lets us change the order of events.

I would think due process applies, when the best money technology is denied to the poor and middle class, that is a violation of the right to coin.