October 17, 2018

The easy way to end the Federal Reserve monopoly

Use political leverage to get what you want in spite of the politicians Retweet

Downsize DC aims to do a lot with a little. So we’re always looking for levers. Apply a little power, get a big result. Here’s another example… 

Many libertarians think in terms of abolishing state agencies. That’s difficult. But what if we could achieve essentially the same result by simply changing an agency’s behavior?

If agencies no longer initiated force and had to compete for their funding, there would be no reason to abolish many of them. Imagine HUD having to compete with Habitat for Humanity or the FDA having to compete with Underwriters Laboratory, or the Federal Reserve having to compete with free market forms of money.

That’s the purpose of the Free Competition in Currency Act. It would end the Federal Reserve’s monopoly control over what we can legally use for currency (see P.S.). Tell your representatives to…

Re-introduce the
Free Competition in Currency Act

Keep the libertarian pressure mounting daily, because remember…

Blue-pill-myth: We have to gain a congressional majority to change laws.

Red-pill-truth: It will take far fewer people to influence Congress than to replace Congress. We think we can do it with just 200,000 of the 30-60 million Americans who currently self-identify as libertarians or who hold mostly libertarian positions.

Congressional pressure is the tactic that can do the most with the least. Open each of the email newsletters we send you and do every action you agree with. Press your reps to pass the Free Competition in Currency Act.

Thank you for being an ACTIVE DC Downsizer,

Jim Babka & Perry Willis
Downsize DC

P.S. Bitcoin has helped significantly. We are pro-Bitcoin. The Zero Aggression Project, our sister organization, accepts Bitcoin. But it’s still the case that legal contracts are enforced and tax dollars are enforced in Federal Reserve notes. Worse, selling Bitcoin or gold creates a taxable event. The Free Competition in Currency Act deals with this “double-standard” head-on.

If your comment is off-topic for this post, please email us at feedback@downsizedc.org


One Comment

  1. olde reb
    Posted October 18, 2018 at 10:08 am | Permalink

    If Trump wanted to strike at the Federal Reserve/Wall Street, military cabal and their ceaseless war-mongering [and their apparent plan to blame an economic collapse on Trump), he could instruct the GAO conduct an audit of specific accounts of government Treasury security auctions handled by the US fiscal agent, FRBNY, involving $10 trillion annually. The accounts are exclusively handled by the FRBNY and have never been audited. Ref. 31 CFR 375.3. Crimes are alleged, with specific unavoidable detailed actions, to have occurred. Ref. https://thedailycoin.org/2018/08/16/a-look-at-the-federal-reserve-through-a-different-lens/.

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