Friedman: "unsolved economic problem: how to get rid of the Federal Reserve"

H

harrytrader

he said that to ... federal reserve of Mineapolis :)

http://minneapolisfed.org/pubs/region/92-06/int926.cfm

Friedman: One unsolved economic problem of the day is how to get rid of the Federal Reserve. The most unresolved problem of the day is precisely the problem that concerned the founders of this nation: how to limit the scope and power of government. Tyranny, restrictions on human freedom, come primarily from governmental institutions that we ourselves set up.

Abraham Lincoln talked about a government of the people, by the people, for the people. Today, we have a government of the people, by the bureaucrats, for the bureaucrats, including in the bureaucrats the elected members of Congress because that has become a bureaucracy too.

And so undoubtedly the most urgent problem today is how to find some mechanism for restructuring our political system so as to limit the extent to which it can control our individual lives. You know, people have the image, have the idea, that somehow "we the people" are speaking through the government. That is nonsense.
 
The electoral process is poor enough when it is handled accurately. When our society allows elections to be tampered without any safeguards halting that subversion, and without any general protest from the public, it is no longer even a pretense of democracy.
 
Election is a fake to make people believe that they decide ! In fact many crucial decisions are taken out of elections ! It is in fact also a remark of ... a professor in politics : he says why he not even votes :)

Quote from hii a_ooiioo_a:

The electoral process is poor enough when it is handled accurately. When our society allows elections to be tampered without any safeguards halting that subversion, and without any general protest from the public, it is no longer even a pretense of democracy.
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