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As Apple began to coin money, its stock price soared to the point that it was way too high to be added to the Dow.

Establishing “post offices and post roads” is one of the powers of Congress explicitly enumerated in the Constitution, right up there with the power to tax and borrow, declare war, coin money, establish federal courts and issue patents and copyrights.

Elected government should have power to coin money not private institutions.

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Fisher abhors the notion of more detailed congressional oversight of the Fed, but then the Constitution is very explicit that Congress is empowered “To coin Money, regulate the Value thereof.”