Bob......We have a completely failed federal government (out of control spending anyone?) .....and the Federal Reserve has failed miserably in it's stated objectives. It's monetary manipulations have created crisis after crisis in and of itself.
Milton Freidman would tell you that it's economically impossible for government spending to continually be a bigger and bigger part of GDP....as it has been doing for so many many years, without real economic dislocation and pain.
Theses two institution's now have to be looked at RIGHTFULLY with a very critical eye. Since they have failed so miserably......should they be downsized and dismantled??
If they were and are the problem(??).....how can they possibly be a viable solution? They can't be!.....so time to get back to the basics.
Remember the basic outlines of US government as provided for in the US Constitution?? There is no mention of a "Federal Reserve" or "Internal Revenue Service". These two entities are going to be put under the microscope as we will search for solution's to the mess that large "out of control" government has created......
With BIG government there have been endless promises made and HUGE liabilites created that can't be realistcaly met in an economically free world.
We are at a point where something has to give.....
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