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Tuesday, August 20, 2013

Delete the Fed

My latest Future of Freedom Foundation op-ed, "Delete the Fed," summarizes the reasons why no one should succeed Ben Bernanke when his term as chairman of the Federal Reserve expires at the end of January. 
Money was not invented by government. It was the spontaneous creation of people trying to ease exchange in the marketplace. Central banks like the Fed only messed money up, robbing the people while facilitating warfare and welfare spending through irresponsible large-scale government borrowing.
Therefore, the Fed should be deleted.
Read it here.

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