Special:Badtitle/NS90:Talk:Occupy Portland - Goals and Demands/Federal Reserve, Monetary Policy, Gold Standard

Proposed demand, as of 7:20AM PST Oct 2, moved from main page to "Discussion":

Abolish the Federal Reserve and re-institute a gold/silver backed currency.

Reply from another user:

This is a total deal breaker, and I don't think it's very well thought out. I agree with everything else but this is economic suicide. What would be smarter would be to increase the reserve stock ratio of tangibles (silver, gold, even a national transit system) to liabilities (cash, bonds, and certificates) issued. By doing so, we would increase the value of our currency, limit our liabilities, and tie them to real stock, which is a fiscally conservative measure that would hopefully appease both sides. Furthermore, it's not so radical that it would plummet us into total economic obscurity. We could also use it to force banks to hold higher reserves, which would prevent irresponsible lending.

Discuss?