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Ask Libertarian Presidential Candidate Michael Badnarik

Adolatra Federal Reserve / Gradualism (1478 comments)

In most of your appearances and in your debate with Dave Cobb, you emphasized that one of your most immediate actions would be to end the Federal Reserve and dramatically restructure the currency system. Given that the market can take considerable swings if Alan Greenspan so much as sneezes, have you considered the market reaction in response to a sudden standard shift? Regardless of your personal policies, if the public confidence in a metal standard isn't there, how would you prevent a panic? Would it be possible to take a more gradualist approach to Libertarian policies, in order to do things like pay down the public debt first?

about 10 years ago

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