The Fed R inflates and devalues our dollar.
Even if the Fed went away many people will still fear the supposed negative impacts of a free market system whether we have sound money or not. Newt has praised Paul on his efforts and people I believe generally respect him there, but start to question his undying Libertarian theories in other aspects. The basic concept of free market Libertarianism is what people need to understand and since they won't research it they need to be told in ways they can relate to. People don't vote for one concept. The Fed is a huge issue, but simply getting rid of it will not fix everything unless the system becomes more free market oriented and less regulated.
Want DP delivered to your inbox daily? Subscribe here: