Life without the Fed: The Suffolk system

posted by
January 5, 2011
Ludwig von Mises Institute
by CJ Maloney  
Posted in Commentary

"Suppose for a moment that Republican Congressman Ron Paul's fondest wish came true, and the Federal Reserve Bank was not only audited but closed down. As far-fetched as such a notion may seem, it would not be the first time in our nation's history that a central bank has been shuttered. For all the Fed's imposing grandeur, Ben Bernanke is running our third (albeit longest-running) try at a central bank. This country has lived without a central bank before and, if given the chance, could do so again." (01/05/11)

http://mises.org/daily/4902  

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