What are some alternatives to the current United States federal reserve? Didn’t Milton Friedman suggest some kind of algorithm/computer program, should we consider this?
Federal reserve alternative
Cameron Bailey
Easton Long
We need an emperor
Money and democracy are for parasites and faggots.
Kayden Brooks
The same thing we have now, except the Treasury seizes the Federal Reserve’s equity, and enforces a 100% reserve requirement for demand deposits. That’s called a “sovereign money” system.
Jonathan Lewis
His point was any kind of rule that would keep the money supply slightly increasing. It would have been impossible to do what was done in 2020, as the money supply increased massively.
This has a cost, which he himself recognized. In 2020, it would have meant that the US would have felt a much higher slowdown of the economy, or even recession.
Milton Friedman's way makes sense if you don't believe economists at the Fed can do more good than harm in the long run. It would have been what the Founding Fathers wanted as they too would suppose the Fed would succumb to political pressure of the day.
He draws his conclusions from observing the negative effect that the Fed had during the crisis of the 30s. His rationale is that it is better to be vulnerable to smaller crises from time to time and not have the fuck ups of the 30s, or the runs of inflation during the 70s.
Later on he also was in favour of a digital currency
Isaiah Hernandez
1. Congress makes annual budget.
2. Tax revenues are collected, and any budget shortfall (deficit) is then covered by new debt-free US notes issued by the treasury itself.
3. No bonds needed and no public debt to issue our own currency.
Jackson Fisher
>What are some alternatives to the current United States federal reserve?
how about: don't get into debt unless you have to
Daniel Miller
Friedman predicted Bitcoin it was about his edgiest suggestion.
Dominic Phillips
>algorithm/computer program
as long as the source code is available, so we can see if the actions taken match the code and if any monkeybusiness is going on
Carter Garcia
Silver
Charles Hill
Bitcoin you low IQ faggot
Samuel Johnson
Monetarism destroyed the American economy. Friedman was a Jewish demon
Evan Turner
Go back to gold and silver. It was written into the constitution for a reason.
Nolan Gonzalez
>Go back to gold and silver.
How do you back the requisite amount of money with a proportionate amount of PM?
Ryan Williams
central banks will become much more ubiquitous with the issuance of CBDCs, this is by design. i'm guessing they'll do something like make new UBI distribution hubs at post offices or civic buildings, kind of like the DMV but for money and social credit score checkups
and yes AI will definitely be involved
Parker Nguyen
state banks
Jonathan Bennett
Use the PMs as money. No third party receipt system needed
Jace Myers
Gummt has to make coinage out of gold and silver and people have to go back to paying with real money.
Banks and credit will still exist, but will have to return to responsible lending.
Dylan Hernandez
We need banking regulations more than anything. There are so many crooked schemes where anyone from a random """refugee""" to the Bank executives are able to run all sorts of financial scams.
We need to limit businesses that are parasitic in nature(like renting). It's kind of ridiculous to allow foreigners to get Government subsidies, so they can build "Public Housing", and then receive MORE government subsidies(Section 8 Vouchers for example) to house 3rd worlders.
Pretty much everything about our system today is designed to oppress the True Americans(no, I'm not talking about the featherfags); either indirectly, such as creating an obscene amount of Social Programs that promote everyone else before our own citizens; or the direct oppression such as creating laws and policies that openly make it illegal for Whites to run their own businesses.
Easton Myers
>Use the PMs as money
>make coinage out of gold and silver
PMs are permanently destructible and necessary for the very technology that enables their currency, and that's before you revalue them in order to encompass all resources and human capital activity along with finding enough PM in the first place to circulate. And there's the population count to consider for distribution.
Blake Perry
We need to be much more strict with the current Academics. It's clear our educational system is overwhelmingly lacking given the amount of knowledge that is currently known to mankind.
We need to completely revamp our immigration policies. There's nothing wrong with cooperating with other countries for certain employment positions; but it's the fact that many of those countries have their citizens in critical positions in our nation's businesses, academic institutions, and even our government. They have basically taken over out of shortsighted hubris, or pure malevolence that is predicated on destroying and oppressing American Whites.
Juan Morris
Cheked
Luke Mitchell
>limit businesses that are parasitic in nature(like renting)
Rental properties need not exist at all, and you limit everyone to 3 properties maximum with 1 of them having to be a business property if need be.