Are arguments about the instability of the Federal Reserve System not simply sophisticated “scare tactics” and “fringe” thinking?
If so, then all insurance is based on “scare tactics”. No prudent individual, however, dismisses as mere “scare tactics” reasonable concerns about dangers that could arise in the future and recommendations that people attempt adequately to protect themselves against the financial consequences of such dangers. To be sure, certain kinds of insurance address the “fringes” of human experience, because the dangers against which they protect are remote or uncertain. Nevertheless, that does not mean that no insurance at all is warranted or prudent even in those situations. Critics of the proposed legislation fail to take into account that doing nothing may actually increase the likelihood of monetary and banking crises. That is, the best way to reduce the possibility of such crises, or to mitigate their severity, is precisely for Americans to reintegrate silver and gold coin into their financial transactions to a degree that stabilizes money and banking with a direct tie to the free market th
