Concerning the FED, need help converting my brother!

[sroll2237]

Hey, I need a website or resource of some kind that can clearly and succinctly explain why we don't need a fed and why it's bad.

 

[janeuner]

http://en.wikipedia.org/wiki/Andrew_Jackson#Opposition_to_the_National_Bank

His reasoning for dissolving the bank was sound. However, his methodology was downright idiotic.

 

[Bradley in DC]

Reverse the question:

Which functions of the Fed couldn't be better handled by the Congress, Treasury or the private sector?

 

[Chickensoup]

Thats a pretty concise link for the major arguments I'd say. People will look at you strange when you mention a "gold" standard but explain to them that it does not have to be gold. It can really be any commodity as long as that commodity has a value on the open world market (including gold, silver, platinum, oil, anything with commercial value). I myself don't like gold as the standard necessarily (prefere silver, as it is more common and the government would be less at whim to foreign mining for money backing) but i support a commodity standard