3min chapter

The Soho Forum Debates cover image

Should We Abolish the Federal Reserve?

The Soho Forum Debates

CHAPTER

What's the Difference Between the U.S. And Canada?

A gold standard with free banking would be better than the status quo, he says. It would give us more stability of purchasing power and sounder finance if we didn't have a central bank to issue things like Greenspan's 'too big to fail' The track record of monetary policy is not very good in the U.S., writes Paul Waldman. "We haven't conquered the business cycle"

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