The ideal reform is always the elimination of central banks. But there are also ways to limit the harm central banks do through less-than-ideal reforms.
Rather than look to the Fed for solutions, a more practical approach is to demystify the Fed’s damaging effect on the economy sooner rather than later.
Jeff Deist and Lucas Engelhardt discuss the monetary policy landscape.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.