I haven’t even read what most of the hopefuls want to do, but this has got to be the stupidest idea of the whole bunch. Otherwise something is seriously wrong.
By legalizing competing currencies, we can end the Federal Reserve’s stranglehold on our money supply and begin to restore value to the dollar.
What does he want to do here? Let the mexicans keep using the peso when they cross over and the canadians use their dollar as well? Have private companies start their own new currencies? I don’t think people will be too accepting of needing to price goods in a dozen different currencies or paying to convert when buying things. Having some border towns using the peso isn’t going to bolster the dollar. Having new private companies run competing currencies isn’t going to help what he considers a problem created by “[the] Federal Reserve, an unelected and unaccountable private organization.” Those too would be unelected, unaccountable and well, private. If anything the USA switching away from the US dollar should cause the currency to plummet dramatically instead of restoring any value.
Somehow, even without looking at any of the other ideas, I think I can safely declare this one the dumbest.
