In response to:

Let's Give the Fed Some Competition

Mr Huehls Wrote: Apr 04, 2012 4:07 PM
The FED is not what it should be. The FED does many things poorly. Let's start with the FED by doing fully open GAO annual audits published on the web annually, as if the GAO is the FED's IG. The bright light of public awareness should change questionable decision making to the cautious side as it will be scrutinized by the voters.
D G Wrote: Apr 04, 2012 6:10 PM
I doubt you can clearly explain one "thing" the Fed does poorly.
Doubtful Avenger Wrote: Apr 05, 2012 2:40 PM
It doesn't balance it's dual role very well - when it tries to "create jobs" or "manage unemployment", it fails to stabilize prices, and vice versa. Like all cental planning, always, it is hardly better than throwing darts. We could get through a cleansing of the free market pretty quickly without this manipulation, but with it, we are just waiting for a bigger, harder fall.

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...