Trump Moves To ABOLISH The Federal Reserve And Institute Gold Standard
Donald Trump won the election in a landslide because of bold ideas. His ideas would erase and remove decades of failed policies and corrupt agendas that have plagued this country for too long. As Trump’s transition team continues to fill his cabinet, more and more attention continues to surround the possible selections for a variety of high-ranking positions and meetings that might help decide these appointments. On Monday, Trump held a meeting with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute. We have seen several reports indicating that Trump is considering Allison for Treasury secretary. On the campaign trail, Trump often questioned the future of the Federal Reserve’s political independence. In line with these comments, Allison wants to abolish Federal Reserve all together and go back to the gold standard. In fact, Allison takes that rhetoric one step further.
“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed,” Allison wrote in 2014 for the Cato Journal.