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<p>[QUOTE=&quot;FutureEconomist, post: 1993523, member: 72291&quot;]I&#039;m on the fence with this one. While a Free Banking System might be very interesting in theory, I don&#039;t see any real advantages to implementing one in real life (this coming from someone who would *love* to do it). I think that limiting the powers of the Fed would be the best way to go about things. I complete agree that they shouldn&#039;t be allowed to print money at will and that there probably does need to be more transparency if people can&#039;t see where that cash is headed. Although since I believe the Fed is a private bank that one&#039;s a little bit touchy.</p><p><br /></p><p>If you allowed competition between banks with gold and silver being held as the &quot;currencies&quot; you&#039;d eventually end up in the exact same situation that you&#039;re in today with one bank monopolising all the others only that one bank probably wouldn&#039;t be able to print money. Currency is kind of like energy in that it&#039;s more efficient for most people to have a single point of reference. The single currency being used in combination with a fractal reserve banking system is part of what makes it possible for money to circulate the way it does. So I&#039;m not fully sold on this as a viable solution since you can get the same results by placing limits on the Fed.</p><p><br /></p><p>And yes, the media is leaving Ron Paul out and I don&#039;t like that it doesn&#039;t seem like people are bothering to ask &quot;why&quot;. I never really thought about how manipulative the media was until last election actually. The media selects a candidate that they like and then for some reason people vote in step with what they&#039;re seeing. I don&#039;t know what irritates me more but it&#039;s one of the many reasons why I worry about my future. :/</p><p><br /></p><p>For the record, I like Ron Paul and I think that he has a talent for reasoning things through. I just think I&#039;d need to see a bit more before I&#039;d be on board with this idea. Even if I wouldn&#039;t be willing to part with any gold I got my hands on. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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