Released: Filed Under: Stoa Policy
About "Abolish the Federal Reserve (AFF)"
This plan abolishes the Federal Reserve. The “Fed,” as it is commonly known, attempts to manage the money supply through various devices, but all of them depend on the theory that wise bureaucrats know better than markets how to price and value things. Experience in other countries with centrally planned economies (e.g. the late Soviet Union) as well as our own experience with financial disasters since the Fed was created have proven how wrong this is. The Fed isn’t smarter than markets, and its clumsy efforts to manage the economy have created more harm than good. In addition, the Fed is in a hopeless situation with monetary policy (the supply and value of money and credit) because it constantly runs up against fiscal policy (Congress spending more than it takes in). The Fed’s existence enables Congress to continue uncontrolled deficit spending and abolishing it (a monetary policy) would have positive effects on our fiscal policy and ultimately our economy.
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Coach Vance debated in National Forensic League debate while in high school from 1979-1982. In college, he judged at high school NFL tournaments in North Carolina. A homeschooling dad himself, he realized the growing potential and benefit of homeschool debate and switched over to coaching homeschoolers a couple years later. In 2001, he helped Chris Jeub with bringing The Blue Book to a more advanced level. He has been co-authoring Blue Book ever since.