Tell me more about how we can privatize monetary policy. Would we like, take bids or something on how many dollars to be printed and award say, a 6-month contract to whoever can print the most dollars for the lowest bid?
Please enlighten us.
I like Friedman’s set monetary policy. The velocity is known to you going forward and you can plan (individually) around that knowledge. A return to bank clearing houses can replace the Fed and function as they did pre-Fed.
You pay lip service to economic liberty, but are far from it when it comes to the Fed.