Already consumers have reaped benefits from quasi-currencies like airline miles and credit card rebates in the form of products. These changes are certainly not around the corner, but they should be our goals. Not only to improve our standard of living but to set a powerful example for the world to follow. Also, read the feedback we've received so far. Bob Gelfond is a foreign exchange trader and managing member of Cyber Capital, a New York money management firm.
Readers weigh in.
Leave Currency to Fed Gelfond is correct about one thing, the government should be left to defend the borders. But defending the currency is best left in the hands of the Fed. That would be chaos plain and simple. Bob Gelfond's arguments for privatizing the fed are voodoo economics just as surely as supply-side was before it. As any high school economics student knows, money serves three purposes, only two of which Mr. Gelfond recalls.