Do you think the U.S. can recover if it pays off it's debt and than abolishes the Federal Reserve,?


first, you're acting questions linked, , they're not. pay off debt. and/or abolish federal reserve. 2 don't go together. based on how worded question, suspect have big misunderstanding how works.

abolish federal reserve, practical matter have create central bank same thing replace it, that's pointless exercise. modern banking , money systems seem require central bank, , until figures out way it.

pay off debt, take many years of siphoning off high tax collections so. slow way, , recover that.

or change law how money created, print money needed using method different how money created today, , pay off -- except cause calamitous hyperinflation , crash entire world economy. may not able recover that.

from it's currency system?


Social Science Economics Next



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