"Representative Dennis Kucinich has introduced a bill to end the Fed. Unfortunately his proposal grants Congress ability to create money at will for virtually any purpose. Kucinich specifically mentions full employment, stabilizing social security, and to "lend new money into circulation as authorized by Congress and to provide means for public investment in capital infrastructure"
globaleconomicanalysis.blogspot.com/ ================================ There is a push from several factions (MMT'ers, etc.), to give greater powers to Congress. While it may not immediately impact your investments, it bears monitoring.
I'm no friend of the Fed but I also don't enjoy it when blind people try to drive the car the drunk struggled to. We need a new Index. My vote is-- the Erg, or work unit. We would all benefit from a currency tied directly to and reliant on-- everyone working. It would be far easier to balance all budget components and cannot be manipulated by banksters, financial terrorists or foreign interests. It makes politicians SHOW UP and not vote NO. Close the banks, eliminate Wall Street. Save America.