An interesting concept. The biggest problem is limiting the government to 10%. Once you give the government the power to simply create money, there is nothing to keep them in check and inflation would run out of control. The federal reserves serves a purpose, but I agree the federal reserve system is corrupt and is a huge subsidy for banks.
Yes, but inflation could be blamed on the government and not on too many people working like the FED likes to blame.
Once we educate the people that inflation is nothing more than printing too much money to chase goods and services and then there would be accountability.
The FED does serve a purpose....to make lots of money for the banks involved in the FEDERAL RESERVE.