John Allison on the Financial Crisis

The monetary central planners can never be more successful in determining a “optimal” quantity of money or the “right” interest rates to assure savings-investment coordination than all other socialist planners were when they tried to centrally plan agricultural production or investment output for an entire society.

SDRs are simply a mechanism by which to increase global currencies to meet the demands of governments to spend more than they are able to either collect in taxes or borrow from domestic and international creditors. It is a way for governments to continue to live and spend beyond their means.

The establishment of gold as money is essential to the achievement of a capitalist society.

Trump’s proposed reform would make the Fed an arm of the White House. It would be a step in the wrong direction.

What should have been a minor economic downturn became the Great Depression because government interventions prevented the market process from working.

Ludwig Von Mises explained why with his Austrian theory of Money, Banking, and the Business Cycle.

By resisting the CBDC tide and instead strengthening our money with a commodity backing (preferably gold), the US would in one fell swoop create the world’s soundest and most stable monetary unit.