In response to:

Let's Give the Fed Some Competition

Clovis_Sangrail Wrote: Apr 04, 2012 4:36 PM
"This is exactly what the Fed Res is doing now, because they have no competition" Exactly how are the members of the Fed making money for themselves? "If there were competition, then the liars and cheats would soon be out of business. " Then either you are flat-out wrong or their is no competition in the United states economy, because we have no shortage of liars and cheats. This is a prime example of what I wrote about in my original post.

Pssst. Want to buy some Stossels? They’re my own currency with my face on them.

Why should you trust them?

Because I promise to redeem them for gold. And I’m reliable. I have money in the bank and a job that brings in more than I spend.

By contrast, the politicians who back American currency run an unsustainable deficit.

The Federal Reserve prints so much money that since it opened its doors in 1914, the dollar has lost more than 90 percent of its value.

OK, I won’t really sell Stossels. Americans get jailed for offering alternative currencies. The government insists...