Comment: The Federal Reserve creates

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The Federal Reserve creates

The Federal Reserve creates the painful bubbles by their manipulation of interest rates. We need to let the market work by allowing individual banks to set the interest rates of their choice for their own loans. We also should move away from having a central bank that has a monopoly control over our currency. Our government should allow private companies to create their own currencies that we would voluntarily choose to trade with.

We are in this mess because our government forces all of us to participate in this unsustainable Federal Reserve system. We should have the freedom to choose which currencies we'd like to use and the government shouldn't give special privileges or protections to their sponsored central bank of choice. We need an equal playing field. The Federal Reserve needs some competition... It's long overdue.

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