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The Fed is already decentralized, no? There are branches in different regions throughout the country with their own governance, and a central board of governors
by avidphantasm 4y ago
The Fed is already decentralized, no? There are branches in different regions throughout the country with their own governance, and a central board of governors to oversee the whole thing. I guess what I am asking is, why not treat banking like the utility that it is. Their is a natural monopoly on currency issuance after all, no?
- corbulo 4y agoIs it? The Chinese already do this. Go look at how its working out for them, the pros and cons are clear and obvious.