How to End the Fed
Austrian economists agree that ending the Federal Reserve System would be a major step forward in reclaiming sanity in government spending and bolstering the US economy. Here is one plan to make ending the Fed a reality.
Austrian economists agree that ending the Federal Reserve System would be a major step forward in reclaiming sanity in government spending and bolstering the US economy. Here is one plan to make ending the Fed a reality.
Charles Rist was an economist of nearly a century ago who recognized the dangers behind President Franklin Roosevelt‘s attempts to demonetize gold. We are still paying the price for FDR‘s actions.
Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.
As Elon Musk and his crew scour the federal government to see what needs to be culled from the herd, there is an obvious agency that cries out for elimination: the Federal Reserve System.
Does the US government need a gold reserve? No, it doesn't. The government's gold is basically an emergency slush fund for elites to use to preserve their political power.
The fallout of FDR‘s gold adventures was far worse than reneging on US gold bond redemption. FDR declared that the price of gold would henceforth be increased to $35 per ounce from $20.67 per ounce, which immediately devalued the US dollar.
While the Biden administration's attempts to forgive billions of dollars of student loans ran into legal problems, there is even a better, more libertarian, way to deal with this issue. A widespread default is a libertarian option that reflects Rothbard‘s own worldview.
From nuclear war risks to overpriced pennies, USAID’s latest spending spree proves once again that government waste knows no bounds.
The implementation of Central Bank Digital Currencies isn‘t just about money. It also is about personal freedom and how CBDCs give the government enormous powers over individuals.
More than a century ago, Congress created the Federal Reserve System to intervene in the American economy. Not even the biggest critics of the central bank‘s formation could have predicted the economic disasters it brought about.