Why do we need all these centralized institutions?
Absorb any physical currency functions into the treasury dept, require banks to store their own reserve currencies, and states can regulate the policies of the banks that operate within their borders.
The rate of unemployment shouldn't be a concern of the federal government.
so its time you abolish the federal reserve you are saying
What would you replace it with?
Statement: Abolish x institution
Why
State rights or something along those lines
Okay, what's the alternative?
Why do we need all these centralized institutions?
Absorb any physical currency functions into the treasury dept, require banks to store their own reserve currencies, and states can regulate the policies of the banks that operate within their borders.
The rate of unemployment shouldn't be a concern of the federal government.
Point to note: banks even used to mint their own notes.