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The U.S. Federal Reserve system could be replaced with the gold standard, computer program, or be more accountable / transparent / audited

By Hicbd
Thu Dec 10 2020 11:37 am

"Milton Friedman concluded that while governments do have a role in the monetary system he was critical of the Federal Reserve due to its poor performance and felt it should be abolished. Friedman believed that the Federal Reserve System should ultimately be replaced with a computer program. He favored a system that would automatically buy and sell securities in response to changes in the money supply. This proposal has become known as Friedman's k-percent rule."

URL:
https://en.wikipedia.org/wiki/Criticism_of_the_Federal_Reserve
https://www.investopedia.com/ask/answers/082115/why-do-some-people-claim-federal-reserve-unconstitutional.asp

URL Credit

Categories:
Economy Financial Systems / Markets Business / Invention Idea Artificial Intelligence / Machine Learning / Algorithms Government/Nonprofit Auditing / Public Financial Management (PFM) Audits U.S. Federal Reserve Economic Recessions / Depressions Economic Research

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