I'm currently listening to this as an audiobook. I'm not even halfway through yet, and I may never make it to the end—economics of the Austrian school tends to stick in my craw, and so far anyway the book has a flavor of conspiracy theories that are giving me a pretty skeptical view of it. Nevertheless, the basic question remains: should the Federal Reserve System be abolished or not? Author Ron Paul is running for President, and I suppose it's not impossible he will be the Republican nominee. Based on a quick read in wikipedia
, he does not explicitly advocate a return to an exclusive gold standard, but rather allowing use of gold and silver money in addition to paper, allowing market forces to determine what type of currency dominates.
It seems to me that such a major change could hardly avoid having far-reaching effects on the economy as a whole and as a result of that on ER, but I'm at a loss as to what they might be. What do you think—how would abolition of the Federal Reserve system affect E-R?