> Treasury running monetary policy might be worse.

That's the concern, for sure.

I am not really familiar with the bill other than it effectively ends the fed. Treasury running monetary policy might be worse. 

grayruby

It would be fascinating how they would pivot. 

The bill wouldn't abolish US monetary policy, though. The Treasury would still have more policy tools available than most of us would like. 

Wall St. should still be able to conform to US monetary policy, but they wouldn't be as directly connected to the spigot, as they are with the Fed.

Undisciplined

econ

Would Ending the Fed Cause a Depression?

I don't know about a depression but most of wall street would go into depression if you took their "don't fight the fed" playbook away. 