What would you replace the FED with?

Do you really want the politicians to vote on the amount of money to print and who gets it?

Answer:
You have it turned around. The FED, as everybody calls it, replaced the U. S. Department of Treasury in 1913. Shortly after a period in American history called the 'gay' 90's. Gay at that time meant, everybody in the U. S. was enjoying prosperity.

Our elected public officials have borrowed about 9 trillion dollars from the Fed, in 'we the peoples' names and guess what, the elected officials only repay a very small amount of that sum.

Here's a great problem for our friend Alex up above, please figure the monthly interest the Fed is charging 'We the People' on 9 trillion dollars.

Ask yourself this, why did the founders 'Mandate' that only Gold/Silver will be used as money in the USA?
Answer; Because Gold & Silver forces governments to control spending. They can't create real Gold & Silver with fractional reserve loans, or derivitives, like they can un-backed paper dollars.

To answer your question:
The Fed would be replaced by the U.S. Department of the Treasury, and under the 'control' of Congress & the Senate & President. Currently Congress & the Senate only approve spending bills, and have very little say on the actual flow of dollar denominated money into the general publics grubby hands.
Thank you.
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The Fed (and its is Fed, not FED... it is not an accronym but an abbreviation - if you want an acronym use FRBS (Federal Reserve Bank System)) does not need replacing.

If you think that politicians "vote on the amount of money to print and who gets it," then you grossly misunderstand what the Fed is and what it does. I recognize your name from other answers you've made, so I am confused by your apparent lack of understanding here...

I might consider a multi-national Fed, if we could establish a common currency between nations.

I'd actually like to see a free-trade and free-labor zone between US, Canada, and Mexico. With a common currency. And a single Fed over that.

Later on we could expand to merge with the EU for these same financial functions.

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What would you replace the FED with?

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