I had read it was abolished in 1971, but I also read it was in 1933. Which one is it? Also, why was it abolished in the first place?
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This is not a rabbit hole. It’s a rabbit megalopolis of interconnected warrens.
Read up on the pro and con side of Keynseian economics and Modern Monetary Theory. There is a huge disagreement between those who believe in these and those who don’t. Each believes the other side is making things worse. It’s fun to read _The Creature from Jekyll Island_ as well.
Then to get up to speed on an interesting current developments around the the BRICs countries potentially releasing a new, gold-backed digital currency.
It’s going to take awhile for you to wrap your head around the main issues, why the US went off the gold standard and got a central bank, how it fits into global economics and politics, and why the experiences of living under the Article of Confederation actually had this banned by the Constitution, and to decide if that was the correct decision …
As I said, it’s a rabbit megalopolis and easy answers are simplified to the point of uselessness in my opinion.
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