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.

Larry White on Gold and Free Banking

It doesn't get any clearer than this.

TGIF: "F" as in Fed

The Federal Reserve, America’s fatally conceited monetary central planner, is not terribly popular these days – which is cause for hope – and now we have a report card on the entire Fed era that strongly supports the view that we’d be better off without it. At the very least, as the authors suggest, the burden of proof is squarely on the shoulders of those who would retain the Fed.

The report card comes in the form of a working paper from the Cato Institute: “Has the Fed Been a Failure?” by George A. Selgin, William D. Lastrapes, and Lawrence H. White.

The rest of TGIF is here.

TGIF: "A Free Market in Banking? Not Even Close"

Between the state and national governments, there has always been substantial regulation of money and banking in the United States.

Read TGIF: "A Free Market in Banking? Not Even Close" here.