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2016-11-28 — www.businessinsider.sg
There have been reports that Allison is being considered for Treasury secretary.... While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed.
"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, a publication of the institute.
...
Allison also suggested that the government's practice of insuring bank deposits up to $250,000 should be abolished and the US should go back to a banking system backed by "a market standard such as gold."
It would certainly be interesting (and probably a game-changer for prospective Trump-administration positive outcomes) if Allison is appointed, though of course, Congress has to assent to Fed abolishment (or any modification of its legal mandate).
Judy Shelton is also reportedly a Trump economic advisor, and has published similar sentiments as Allison.
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