Maybe that's the (pinko) European in me speaking, but I do feel that it is certainly preferable to have a central authority controlling our currency, and in that way our monetary policy. Such an important point as money is for me better left to the government...
Oh I do know that, but wouldn't it (correct me if I'm wrong) take away the "monopoly" for the Fed to control this issuing of currency. And I believe that the state should have the monopoly on that, otherwise people could just go out and print as much money as they want - the economy just wouldn't survive that. As said, probably this is my European point of view, but there needs to be someone who controls all this, at least in my opinion.
