Free Banking and it’s practicality

Let’s talk free banking—an idea where private banks issue their own currencies and operate without government control or a central bank like the Fed.

Some people argue that it could create competition, keep inflation low, and avoid bailouts completely. Others think it might lead to chaos without a central authority.

With blockchain and crypto now in the mix, does free banking make more sense today? And if we ever moved away from the Fed, what would that transition look like?

Curious to hear your thoughts—could free banking be a viable path to a freer economy, or is it just wishful thinking?