One part of the drivel - he says don't let the government inhibit the invisible hand of the market that Adam Smith discusses in The Wealth of Nations. But in The Wealth of Nations, the invisible hand is the hand of the government inhibiting free trade between nations.
It gets inhibited by the banking system anyway, you would at least have to adopt the Chicago plan (full reserve banking) to avoid it. As it is now, it's about who gets given the money, rather than anything similar to free market.