> Why is federal jurisdiction required for this? There are two parties: capital and labor. Your arguments are on behalf of labor. There are arguments also on

> Why is federal jurisdiction required for this? There are two parties: capital and labor. Your arguments are on behalf of labor. There are arguments also on behalf of capital. In the USA, capital is under federal jurisdiction, not state. It is the US Congress that gives the Federal Reserve its monopoly over central banking. The states do not issue money.