In response to:

Let's Give the Fed Some Competition

George4059 Wrote: Apr 04, 2012 10:58 AM
It's hard to imagine more than a very few cases where the private sector couldn't perform some function far better, cheaper, more efficiently & faster then any gov't agencies. I can only think of law enforcement and military. that's it. So..let's get back to basics... gov't maintain the military, keep the streets safe and prevent fraud in business... other than those areas..leave us alone.. you're not good at anything else.
Kruelhunter Wrote: Apr 04, 2012 6:28 PM
At the moment, thanks to LBJ, much of the noncombat segment of the military is under contract to private organizations. Kellogg Brown & Root?
SMyles Wrote: Apr 04, 2012 11:46 AM
The "prevent fraud" part is going to far. That translates into over regulation. Gov. should simply be the referee in cases of fraud. In my opinion, severe penalties for fraud is the best solution, not attempting to regulate fraud out of existence.

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...