Writing the lead article in the current issue of Cato Policy Report, Professor Lawrence H. White argues that it’s feasible and clearly better than our current system under which an unaccountable bunch of supposed experts gets to decide on money and credit expansion willy-nilly.
It would be an intellectual breakthrough of gigantic proportions if some influential leftist writers started to take this issue up. Having government control over money and credit is good for ever-expanding government, but clearly harmful to many of those “little guys” the leftists say they care so much about.
