End the Fed

The federal reserve has existed since 1913 and has since devalued the dollar over 95%. In a little over 100 years our money has consistently lost purchasing power which hurts consumers the most. As a result, putting your money in banks is a sure way to lose purchasing power to inflation.

In Western countries, the idea of rampant inflation or even hyperinflation is not running through most of our minds on a daily basis. Contrarily, most other countries face these types of problems on a much greater scale and can't even afford food from their currency being devalued so greatly.

Here in America we have the privilege of a relatively stable economy and stable currency. The rest of the world is a reminder of how little it takes to have a collapsing economy or hyper-inflated currency. The Fed's monetary policies of lowering interest rates to increase borrowing creates bubbles in our economy that eventually burst due to artificial inflation. The Fed increases the money supply which decreases the value of the dollar and in turn makes everything more expensive.

Bitcoin has a fixed supply and can't be manipulated which if used on a national level could truly limit government spending and keep it within a budget by no choice of it's own. The implications of a fixed supply of money that the government has to pay for it's programs with has truly promising possibilities. Endless wars and expensive welfare programs may become a thing of the past.

I'll delve further into these topics another time as they each need much more attention than just being mentioned.

Thank you for reading!