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News Link • Federal Reserve

If Alan Greenspan Wants To 'End The Fed', Times Must Be Changing


For a long time, gold standard advocates in the United States have had differing viewpoints about whether a new gold standard system might take place with existing institutions, such as the Federal Reserve, or whether it would take place with new institutions, and the Federal Reserve would in effect be disbanded or rendered irrelevant.

During the 1980s or 1990s, it seemed politically impossible to even consider a situation in which the existing monetary plumbing would be torn out and replaced with some “free banking system” or other such solution. The Fed, under Greenspan and Volcker, seemed to have a pretty good handle on things.

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