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Arvin Vohra on Corporations

Libertarian candidate for President; Libertarian Party Vice-Ch

 


End the Fed, to prevent irresponsible cash-negative business

When we eliminate legal tender laws, we allow Americans to spend money and accept payments in any form of currency they choose. This destroys the monopoly the Federal Reserve currently has, and abuses, on currency.

When Americans can choose their preferred currency, they are free to choose to store their money in a form that won't depreciate wildly whenever the government decides to spend more money. That means your savings will still mean much more years later when you go to use them.

Ending the Federal Reserve also prevents irresponsible, cash-negative businesses from entering the market, making (fully expected) irresponsible decisions, and creating more frequent and more severe business cycles. When the Federal Reserve is not allowed to interfere, successful business practices will prevail, business cycles will be smoother, layoffs will be massively decreased, and the economy on the whole will prosper. This means responsible business practices will drive market growth.

Source: 2018 Maryland Senatorial campaign website VoteVohra.com , Feb 22, 2018

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Page last updated: Jun 04, 2019