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Feb2-12, 10:23 PM
P: 239
Quote Quote by Angry Citizen View Post
Oh I fully agree on that, but Ron Paul doesn't want to bring it under control, he wants to kill it entirely. He thinks the US should not have a central bank. Personally, I favor nationalization of all banks, including the central bank.
Just ending it and putting the gold standard monetary system back would be even better than controlling it. The gold standard brings stability and sound money. Switzerland for example, has a system close to a gold standard, since they have a lot of gold reserves.

Hmm nationalization of all banks is crazy in my opinion, the government can't and shouldn't run an entire sector. What we need is more regulation, and start by putting back the regulations that existed before, like distinguishing between commercial and savings banks.