I advocate for the dissolution of the Federal Reserve. The world had very stable interest rates and inflation rates before the institution of fiat monopoly mone

I advocate for the dissolution of the Federal Reserve. The world had very stable interest rates and inflation rates before the institution of fiat monopoly money (monopoly as in the sense of only one legal producer, but the other connotation works as well). If you knew that the interest rate on 10-yr AAA bonds was going to be within +/- 0.5% a year from now, don't you think that would make it easier to do business? Instead, we have a system where next year is +/- ~4.0%. People point out other drawbacks of the free banking and classical gold standard eras, and I agree that the systems had their problems. However, they were also working with a much smaller and less technological economy. In addition, they were hampered with idiotic anti-banking laws (such as unitary branching), most of which have been repealed today. I don't think we need a price-setter on the short term credit markets, and I don't think we need legal monopoly money. I don't think the arguments for the market break down in the monetary sphere. Anti-Fed people might not always state their case well, but that doesn't mean there is not a good case. There are a few Nobel's among the gold bugs.