[be131]

Anyone who looks at the history of the U.S. while it was on the Gold Standard would find the notion that it promotes economic stability laughable.

[TexasRepublicans]

Though I have never been quite well-versed enough in monetary policy (confessing that it is very difficult stuff), I am certainly a huge fan of Austrian economics and the general economic libertarian position. Therefore I like Dr. Paul.

But how about this as a starting agenda, seeing as the Fed is likely not to be abolished:

1) Constitution amendment asserting the 10th amendment and saying we mean it this time;

2) Constitutional amendment asserting that the fed o nly gets enumerated powers and saying that we mean it this time;

3) Constitutional amendment repealing the 16th A.;

4)Domestic legislation removing us from the UN.

Well maybe that is not going to fare any better than the gold standard stuff, but I'm inclined to think that it would have an even stronger impact.

[Red Jones]

there was an economist who wrote an article for the WSJ in the last few weeks who did look at that history. He used objective standards to argue that there was more stability before the fed's creation than after the fed's creation in 1913.