It was the private Federal Reserve Bank is what has got us into this mess to begin with.
No, it was Congress and The Resident that is the root cause of this mess, with out-of-control spending sparking higher inflation.
The Fed controls the money supply and prints it out of thin air only to be backed by promises that they soon won’t be able to keep. The Ponzi is now out of control and the current system about to collapse. If the currency was backed by gold that would have restrained them from playing these games. Instead we’ve become the person who has been kiting checks and living high off the hog and beyond our means but eventually you have to cover those checks or go bust. That’s basically where we are now.
Without the Federal Reserve, that kind of overspending would be much more difficult. The Fed is the mythical Money Tree forest.