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The Federal Reserve

Name: Anonymous 2006-07-27 12:40

http://www.lewrockwell.com/paul/paul53.html

Note for the confused:  the 'Federal' Reserve is private, not public. 

For clarity:  the Federal Reserve is a privately owned company. 

This organization is clearly unconstitutional, and no true supporter of Free Enterprise or the American Constitution should support it.

Not to mention it's effects on lower-middle class people on fixed incomes...

Name: Anonymous 2006-07-28 15:21

>>14
Commodity-backed money = lesser version of privatised currency

Why not simply have companies that produce receipts and people trade these receipts depending on how trustworthy they believe ethey are. Just like investment banks make a living through trusts, privatised currencies would do the same and frankly I trust private companies that make wealth directly from trust rathr than some government monopoly which uses incredibly stupid ideas like printing money and inflation to screw over the average hard working man.

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