The FED doesn't need to be abolished it just needs to be run in a responsible fiscal manner, and not run with an agenda guiding the rate decisions. A good FED knows when it is needed to stimulate the economy and not to hold it back as is the case currently.

I do believe that it will certainly start the ball rolling faster, particularly in home ownership and business opportunities that are holding back and hindering that market and that is a very prominent and vital part of this economy.

What prevented runaway inflation before the federal reserve was created in 1913? From 1775 to 1913 prices only increased about 20%. Since 1913, the dollar has lost 97% of its purchasing power.

Ya I got it way off topic. lol

Thomas Sowell said it best about ending the fed

“ when you remove cancer,,,,, you don’t replace it with anything,,,,”

Inflation is caused mainly from increasing money supply

Sound money stops this,,,

If they ran out of money,,, they couldn’t spend more,,, for very long,,



Just like you, and me

We could borrow,,, but it would become more expensive to borrow,,, until we couldn’t borrow any more


Without the Fed, money supply couldn't be expanded at will through fiat issuance,,, fractional reserve banking,,,, or

low-interest credit creation,,,,which distort markets and fuels inflation

Wanted to add:

The fed is bad!!

Trumpster wants to control the fed,,, which is even more bad!!!

Prepare yourselves!!!!

Did the federal government spend then at the rate it spends now?

GOLD

That is exactly what will prevent inflation. Do away with fiat paper and return to gold. Paper is an infinite resoure while gold is finite.

The parties exchanging to gold decide what it’s worth

Gold really only works at a local level as a medium of exchange

It’s heavy,,, hard to store,,hard to transport,,,hard to verify

That’s why the created paper money

Locally, for small transactions it works fine

Is federal spending enabled by the Fed is a valid question in response.

Economy vs Stock Market are two different things. One doesn't have follow the other in the world of finance.

The economy and the stock market are distinct yet interrelated concepts:
The economy encompasses the overall production and consumption of goods and services within a country, reflecting how money is made and spent by citizens, companies, and governments.

The stock market is a platform where investors buy and sell shares of publicly traded companies, representing a smaller segment of the economy.

While the stock market can indicate investor sentiment and expectations about future economic performance, it does not always accurately reflect the broader economic health.

Economic growth is typically measured by metrics like gross domestic product (GDP), while stock market performance is measured by indices like the S&P 500.

In summary, the stock market is just one aspect of the economy, and fluctuations in stock prices do not necessarily correlate with the overall economic conditions.

Our country needs the Feds involved with our Economy Health and future.