Gary says that in lieu of the Fed, Congress would simply direct the treasury to print money. Also, the first thing he says in this video is that he is in favor of ending the Fed.
Anaconda I expect better from you. Shutting the Fed down, and givings its power to Congress is not "Ending the Fed." That's called "Moving the Fed."
As long as the Treasury/Fed has printing presses, they will use it. GJ is living in la-la land if he thinks just by balancing the budget Congress won't be tempted any longer to use free money anymore? Ha! Ya, ok.
Competing currencies, on the other hand, saps the Federal Reserve's power, until it eventually dies. They can keep printing money all day long just as they have been, and it doesn't matter. My money would be backed by gold, not FRN's. The big investment companies, their money would be backed by gold, not FRN's. When given the choice between funny money and hard sound money, any rational person will choose the hard money every time. The FRN would eventually just disappear into irrelevance, and eventually die. THAT is "Ending the Fed."
Returning to the gold standard (a full gold standard, not that partial bretton woods bs) is also a good solution, but is only a temporary solution. It would only be temporary, because the government would quickly seek a partial standard the next time there was any kind of economic crisis, and they'd get it. Then shortly after, they'd leave the gold standard again. No reason to repeat history.
Competing currencies is the only known solution to this problem. And the problem is of a magnitude that GJ does not even come close to comprehending. He has shown evidence of this time and time again, but he
proved it by blaming gold for the failure of the bretton woods "gold standard." I do not expect him to admit this in a straight answer, but he has proven he is
against the gold standard, and therefore hard money, and is therefore a TRAITOR to our cause.
Funny money is the reason for our endless wars, endless spending, big government, gradual loss of liberties, all of it - everything - and Gary Johnson, no matter how well intentioned he may be, does not grasp the scope nor the magnitude of this issue, and isn't even close to having any solutions to this problem. How can he have solutions to the problem, when it's clear he doesn't understand the problem itself?