This article was picked up from the Liberator Online.
Leave it to Ron Paul! He shocked the Establishment when his bill to audit the Federal Reserve System won majority support in the U.S. House. (Now it's winning substantial Senate support as well.)
He further made abolishing the Fed a major political issue with a bestselling book on the topic and legislation to accomplish that goal.
Now Paul is once again pushing the envelope on monetary policy -- by introducing the boldest and most libertarian monetary reform possible.
On December 9, Paul introduced HR 4248, the Free Competition in Currency Act. This bill would end the government's monopoly on the creation of money. It would allow the private sector to create alternative currencies to compete head-on with the government dollar.
Says Paul: "Allowing for competing currencies will allow market participants to choose a currency that suits their needs, rather than the needs of the government. The prospect of people turning away from the dollar towards alternate currencies should provide incentive for Congress to regain control of the dollar and halt its downward spiral.
"Restoring soundness to the dollar will remove the government's ability and incentive to inflate the currency and keep us from launching unconstitutional wars that burden our economy to excess. With a sound currency, everyone is better off, not just those who control the monetary system."
No comments:
Post a Comment