We don’t need to abolish the FED but we do need some institution, a reorganized Fed or some other institution, whose SOLE goal is to maintain a constant currency. Shouldn’t worry about deficits, unemployment, anything except their one goal, constant currency value. If we have a stable currency everything else will take care of itself.
And there should be rewards if they succeed over (say) a 10 year period, and severe penalties if they fail.
And what ever tools we give them should be completely transparent.
> “We don’t need to abolish the FED but we do need some institution, a reorganized Fed or some other institution, whose SOLE goal is to maintain a constant currency.”
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We had that; its called “hard money,” AKA the Gold Standard. It works, and it doesn’t need a crook in charge to keep it working. This is what Kennedy wanted to do, and exactly why he was assassinated.
Let’s hope Paul has good security.
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