I am sorry to be this blunt, but for all practical discussions, those people are wrong. Unless your goals are a reduction in US GDP, and dramatic decrease in f

I am sorry to be this blunt, but for all practical discussions, those people are wrong. Unless your goals are a reduction in US GDP, and dramatic decrease in financial ability in the USA, you need a central bank. In analogy terms, they’re the next evolutionary node in the banking tree. The higher complexity let’s you exert stability against things like currency manipulation, macroeconomic instability and the like. The crash is because oversight disappeared and people bought into myths. Crucially one of the myths that Wall Street believed was that someone else was always checking the work to find advantage. Most of Wall Street aimed for safe advantage and were following along as a herd.