The Economy

Money is a generally accepted way for establishing values and prices, and we use it to exchange goods and services.

As someone who works hard to earn "money," what I want (and what YOU and anyone else with a brain should want) is for the value of my money to remain stable (or sound). That is the only "policy" around money that is necessary.

Monetary "policy" last century (into today) became: "We are going to deliberately rob you of the value of your money while telling you it's good for you."

In the U.S., they created a private cartel of hand-picked winners (it was inherently corrupt), created by politicians, and that cartel has legal price-fixing authority that has allowed them to continually devalue your money. ... robbing you for all kinds of reasons that don't benefit you financially, whether you get it or not.

As credit became the main form of money in society, they were allowed to take even greater control of your money (because when you let the camel's nose under the tent, you eventually have a camel in the tent), where our credit markets aren't free, with millions of borrowers and lenders voluntarily transacting with each other and finding agreeable prices. Instead, appointed czars dictate those prices, which surprise surprise, get used to devalue your money. ... expanding credit endlessly (and exponentially higher over the last few decades, because they got way carried away and backed themselves into a corner with a house of cards that now requires exponentially more debt creation in perpetuity to prop up the mountain of debt from the past that they can't get out from under).

That is hunky dory with your government that appoints those price-fixing czars, because it is running up massive debts that rely on your vaunted monetary "policy" to try to inflate away the problem (i.e. steal the value of YOUR money).

Since the advent of the Federal Reserve the U.S. dollar has lost approximately 99 percent of its value (that is not an exaggeration). I don't really need a "policy" around something as simple as money, but if you want one it would be, "Don't do that."

 

Panics don't originate from monetary events. To state the obvious, bank panics happen when banks don't retain adequate reserves. Having a form of sound money underpinning a country doesn't cause (or prevent) bank panics.