Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard

“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.

I like John Allison. A few years ago I helped put together a forum on Wall Street in which John Allison participated. Since then I’ve talked with him a couple of times. In another life I worked for BB&T while Allison was CEO of the company.

Read More

John Allison (Head of Cato Institute) Speaks About Crony Capitalism at AEI

I am a fan of John Allison. I worked for the bank he once headed, and I was a fan of him then too. He made sure that every manager in the bank (BB&T) was issued a copy of Atlas Shrugged when hired in or promoted. How’s that for a managerial statement? Seeing him at AEI today, it was clear that his fire for free markets burns as hot as ever.

Read More