- United States
- Texas
- Letter
Americans are indeed suffering from high inflation that is eroding their purchasing power and quality of life. The Federal Reserve's unprecedented money printing and debt monetization policies during the COVID-19 pandemic have devalued the U.S. dollar and fueled this inflationary crisis. By creating trillions of dollars out of thin air and enabling massive deficit spending, the Fed has pursued misguided policies that benefit the wealthy and connected at the expense of ordinary Americans, especially retirees who see their savings evaporate. To truly tackle inflation and restore economic stability, we must abolish the Federal Reserve system and end its ability to manipulate the money supply for political purposes. Only by embracing sound monetary policy disconnected from Washington's excessive spending impulses can we protect the value of the dollar and insulate the economy from artificial booms and busts. Americans deserve better than being sacrificed on the altar of institutionalized inflation and cronyism. Ending the Fed is a critical first step toward real reform and financial security for all.