abstract:National Monetary Commission was a study group created by the Aldrich Vreeland Act of 1908. After the Panic of 1907 The Commission studied the banking laws of the U.
Congress should establish a NationalMonetaryCommission to investigate these issues and think about how to exit the Fed, not just exit current monetary policy.
Rather than considering helicopter money, it would be wise to convene a NationalMonetaryCommission and have a serious debate about rules versus discretion and about alternatives to government fiat money.
It is deplorable that so few of our elected officials, with the notable exceptions of Rep. Kevin Brady, prime sponsor of the Sound Dollar Act, and Rep. Marsha Blackburn, who successfully championed a nationalmonetarycommission as part of the 2012 GOP platform, have focused on moving monetary policy to center stage.