U.S. Senator Proposes to Dissolve the Federal Reserve

Senator Mike Lee has proposed a bill called the "Abolish Act," which seeks to dismantle the Federal Reserve System as a government entity. According to Lee, the American central bank has overstepped its authority and failed in its duties to control inflation and manage national debt.

This legislation aims to protect our economic future by dismantling a system that enables unchecked government spending, the monetization of federal debt that fuels it, and widespread economic disruption,This legislation aims to protect our economic future by dismantling a system that enables unchecked government spending, the monetization of federal debt that fuels it, and widespread economic disruption - the senator stated.

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