“Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.” IfsGivingSchoolSoundMoneyEconomicsCurrentsReformCyclesCheerReservesReplacedEconomistBankingInflationCentral BanksBailouts Author:Llewellyn Rockwell
“American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.” YearsLongRunningSoundMoneyPaperStandardsYears AgoEconomicsGoldFedsSteadyDeclineCurrencyBankingDepositsGold Standard Author:Llewellyn Rockwell