The Fed is a gargantuan can of worms. Maybe the Overton Window for ending it will open at some point. Has anyone laid out a framework for what would come next?
I'm familiar with some theoretical works like Hayek's competing monies, but has someone done a white paper showing how to get from here to there? Something akin to Chile ending their Social Security system?
Or do we just wait for the market to reject fiat and move to gold/btc/whatever, struggling against legal tender laws and currency controls? It would sure be nice to have an orderly transition rather than a market-forced/chaotic one.
Great job on NTD!
The Fed is a gargantuan can of worms. Maybe the Overton Window for ending it will open at some point. Has anyone laid out a framework for what would come next?
I'm familiar with some theoretical works like Hayek's competing monies, but has someone done a white paper showing how to get from here to there? Something akin to Chile ending their Social Security system?
Or do we just wait for the market to reject fiat and move to gold/btc/whatever, struggling against legal tender laws and currency controls? It would sure be nice to have an orderly transition rather than a market-forced/chaotic one.