What To Do While Waiting to End the Fed

There is a sliver of good news on the central banking front. Given the Fed’s poor performance before and after the 2007–08 financial crisis and Great Recession, and its now recognized 100 year history of failure, at least some members of Congress, even without Ron Paul, are now willing to consider major reform. Many libertarians who recognize that the correct long-run reform is to “End the Fed” — or essentially eliminate central banking (see here or here) — have focused most on the Audit the Fed Bill. On the other hand, non-Austrian economists have been more focused on the Federal Reserve Accountability and Transparency Act and its aimed reform: a rules based policy rather than current Fed discretionary policy which is counter-productive, if not destructive of prosperity.

La suite sur l’Institut Von Mises

About ecoparis

Un groupe de chercheurs en économie autrichienne
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