Even without the federal reserve, debt would still be a thing

Hell, england is still paying off stuff from wars in the 1800s

And I'm also don't think that our society will be able to handle any sort of anarchy in it's current state...there needs to be a mass apifiny, or just....a lot of time to consider such an idea before putting any of these sorts of ideas into action. At this point, my whole purpose is to try to bring about new ideas that go along with less regulation.

And I completely concur with your idea on debt. But I'm sure that it would not be such an inflated debt that we see now. The world is in a financial bubble.

I agree that the world is a mess

The federal reserve is at fault

But the problem is that they got reckless with lending. So the answer is to remove regulations on lending so people can be reckless with lending?

China right now has a serious peer 2 peer lending problem. Making the federal reserve dissapear wont erase the ability to accumiliate debt

If people are reckless with lending, they won't get their money back and crash

But the currency won't be based on debt

Having a decentralized banking system with different mints and banks competing would yield better results

If central control is taken away, than central debt can no longer exist. And Pazuz actually beat me to the punch lol

Sound money is the way to go, either precious metal based or crypto based, or both

You take a fiat based money and you can take any sort of debt, and make it impossible to pay back any of that debt in any capacity.

Thats alot of regulation tho

To habdle many different currencies

I agree with what yall are saying

But its interfering with the free market regardless

Trump putting tariffs on china was regulation and overall good for the country

Thats goverment interference

If you don't have regulation you don't need to handle the different currencies

You said it yourself, we don't have a free market.

How is crypto doing?

So many different cryptos

returning to the mean

A true value

the competition between cryptos is a good thing

We need fake money like debt to keep going

t. John Maynard Keynes

To wage wars etc. Its been that way since before banking.

Because its part of the competition aspect

With a free market, lending will most definitely be allowed, with no regulation, and working with a system that has a solid value base will keep that lending from reaching a capacity that is immeasurable, unless you are completely reckless.

And if you're reckless in any way, you'll crash and burn

Isnt that your issue with whats going on now?

Bussinesses dont have to takr the loans that they did in the 2008 chrash

What you mean?

Yet to stay conpetitive they must

The financial bubble we are in now has been completly voluntary

With the fed distorting rates? It was only voluntary inasmuch it people were responding to incentives

^

You got me there

Well in any case im merely playing devils advocate. I believe there needs to be less regulations in some areas but more in others.