Quote:
Originally Posted by stekim";p="
Truth:
I have a Master's in finance and economics. I know all about "fiat" currency and the Fed. That's my gig. Getting rid of the Fed at this point would be a total, unmitigated disaster, the proportions of which this country has never seen. We built the room around the elephant and there is no way to let it out without busting up the house. Any and all arguments against the Fed are meaningless circa 2007. Like asking who let the elephant in the room and discussing the merits of living without it in the room. It's done. Over. And there is no way to take it back. Which someone would likely tell Ron Paul on his first day in office.
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Honestly, stekim, your posts is loaded with fallacies, starting with an appeal to authority...
There is one simple way to deal with the problem of the Fed. Just start issuing gold and silver backed United States Notes as JFK did. And repeal the legal tender laws. Give people the freedom to choose what they want to use as money.