Chapter 24 - Federal Reserve

Eliminate the Federal Reserve's "dual mandate," focusing solely on price stability rather than also promoting maximum employment.
Limit the Federal Reserve's lender-of-last-resort function.
Wind down the Federal Reserve's balance sheet to pre-2008 levels.
Limit future balance sheet expansions to only U.S. Treasuries.
Stop paying interest on excess reserves.
Consider transitioning to a free banking system.
Explore implementing a commodity-backed monetary system (like a gold standard).
Consider implementing a K-Percent Rule for money creation.
If maintaining the current system, implement stricter inflation-targeting rules.
Explore inflation and growth-targeting rules like the Taylor Rule or Nominal GDP Targeting.
Have elected officials compel the Fed to specify its target range for inflation and inform the public of a concrete intended growth path.
Focus regulatory activities solely on maintaining bank capital adequacy.
Remove considerations of environmental, social, and governance (ESG) factors from the Fed's mandate.
Curb the Fed's "excessive last-resort lending practices."
Appoint a commission to explore the mission of the Federal Reserve, alternatives to the Federal Reserve system, and the nation's financial regulatory apparatus.
Prevent the institution of a central bank digital currency (CBDC).