JFK said the same thing. He was getting ready to abolish the Fed when he was assassinated. If we no longer had income tax or the Fed, and if we went back to a gold or precious metal standard, we would find long-term economic stability much more achievable.
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Could be biggest asset: Fed is selling $50B/mo US bonds unwinding QE, making treasury sales less beneficial (supply & demand). If Fed gave that money to treasury, US would not have borrow for 6 yrs. We already paid for this with devalued $. Retired currency values $, hurts trade
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