McCulloch v. Maryland The Supreme Court ruled the Congress has the power to establish a central bank (today called "the Fed", or Federal Reserve). under the "Necessary and Proper Clause" Article 1 Section 8 Clause 18 U.S. Constitution "To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof."
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