The Federal Reserve. Most people have no idea what it is or how it functions, but it is at the root of what's wrong with our economy. The Federal Reserve is why the pack of gum that cost a nickel when your grandpa was a child now cost $1.00. It was the Federal Reserve that was responsible for the dotcom boom in the 90's that lead to the dotcom bust. It was responsible for the housing boom and its subsequent bust, and it's responsible for the continued economic malaise we're in now as well as empowering politicians to rack up $17T in debt.
In order to fix, as in permanently, this problem, we need to end the Fed. But what would a banking system look like and how would it function if there wasn't a central bank telling everyone what to do? Tyler Durden from ZeroHedge suggests one possibility and it's pretty compelling.