In response to:

Let's Give the Fed Some Competition

Paulus Textor Wrote: Apr 04, 2012 4:17 PM
Jack2894, you can relax. The Constitution already empowers Congress to set standards of weights and measures. Anyone issuing a "dollar" that does not meet weight and purity requirements would be subject to penalties, just as anyone who tries to sell a "pound" of bread that weighs less than a pound is subject to penalties. Or anyone who sells three quarts of gas and calls it a "gallon" of gas, is subject to penalties. Hope this clears things up for you.

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...