Inflation What is inflation? Economics isn’t everyone’s cup of tea. In fact very few people even understand basic economics, much less a broad grasp of different economic views. However, everyone feels inflation when it’s has risen 7%, the highest in decades. Especially the poor and middle class.
How would "End the Fed" work in practice? Would there be a transition, or cold turkey? Also, how would politicians who depend on printing money to fund their campaign promises react to the change? I can't imagine that those who profit from the money printer would simply roll over and let it happen.
Don't forget this classic video from Mises Institute. Money, Banking, and the Federal Reserve https://youtu.be/iYZM58dulPE
How would "End the Fed" work in practice? Would there be a transition, or cold turkey? Also, how would politicians who depend on printing money to fund their campaign promises react to the change? I can't imagine that those who profit from the money printer would simply roll over and let it happen.
TL;DR: What's the plan?