The Proposal to End the Fed

Representative Thomas Massie has introduced a bill called Federal Reserve Abolition Act, HR 8421. He’s on a campaign to “End the Fed.”

He claims American’s would be better off as the Fed devalues their currency, increases their debt and this leads to an increase in inflation.

What are the economic implications if the Federal Reserve was to end?
How likely is it to actually happen?

Show notes:

Massie's bill:
https://massie.house.gov/news/documentsingle.aspx?DocumentID=395644

https://www.yahoo.com/news/thomas-massie-introduces-bills-audit-112414930.html

https://www.msn.com/en-us/money/markets/marjorie-taylor-greene-ally-thomas-massie-introduces-end-the-fed-bill-to-abolish-the-us-central-bank-americans-are-suffering-under-crippling-inflation/ar-BB1mxrnr

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