Issue Position: The Federal Reserve

Issue Position

The Federal Reserve is a cartel. People often ask me questions about various economic issues -- and what I would do to resolve them. My usual answer is that these various economic problems are really just symptoms of a disease. Rather than place our attention on masking or temporarily forestalling a symptom, we should eliminate the disease. The disease is the fact that Federal Reserve, a private organization, sets our economy's interest rates, implements fractional reserve lending and monetizes debt. All three of these processes are directed by an organization in Basil Switzerland called, The Bank of International Settlements. The current system of rules that come from The Bank of International Settlements is called, "Basil 3."

I feel that our economy should be much more laissez faire, and certainly not directed by the Swiss hub of globalism.

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