What would happen if we Nationalized the US Dollar?

Celebration

You're name suits you...

This should happen.

Print our own fiat based only on price stability or as a response to other nation state currency manipulation. Send newly created money directly to taxpayers or the treasury to pay bills. There would be no controlling of interest rates as macro economists have proven they don't know what the frick they are doing and just create bubbles.

Major banks would not get any bailouts but would be allowed to start their own fiat. 2-3 more currencies would arise from the best banks.

The treasury would accept all major new bank fiat, the US run dollar, gold, or bitcoin for tax payment.

Your welcome.

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There would be no controlling of interest rates as macro economists have proven they don't know what the frick they are doing and just create bubbles.

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Yeah. But of course, ncaafootballgenius, who argue that inflation is tougher on the wealthy than the middle class, has a better plan than the economists.

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You're welcome.

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You're welcome.

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Nationalize the US Dollar

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isn't the U.S. Dollar already the national currency of the U.S. ?

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So you'd like to have the same standard of living Americans had 100 years ago before the Fed?

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Yes. Then maybe I would be more productive without the internet and film. Then again, I would probably be worthless at whatever I was trying.

Then we would be Venezuela.