President Trump recently called the Federal Reserveâs interest rate hikes crazy. Leaving aside President Trumpâs specific complaint, which is likely motivated by the belief that low rates will help him win reelection, he is right that âcrazyâ is a good way to describe the Federal Reserve. When not forced to use a government-created currency, individuals have historically chosen to use a precious metal such as gold or silver as money. The reasons include that precious metals are durable and...











